Currently bullish on this pair as it continues its downtrend.
Short term i expect AJ to remain bid up to R1 and maybe past that to the channel resistance
watching USDJPY for yen strength i expect AJ to break out of its channel to the upside soon but with the BOJ you can never tell. With their feeble attempts at weakening their currency so far, we may see more bearishness and the descending channel continue until they make a significant enough decision which causes a sharp enough rise in the price of AUDJPY
Short term i expect AJ to remain bid up to R1 and maybe past that to the channel resistance
watching USDJPY for yen strength i expect AJ to break out of its channel to the upside soon but with the BOJ you can never tell. With their feeble attempts at weakening their currency so far, we may see more bearishness and the descending channel continue until they make a significant enough decision which causes a sharp enough rise in the price of AUDJPY
