AUDJPY: End of the Trend?

4hr Time Frame: Reading price we can see that we are breaking back below our 76.500 monthly zone. If buyers are looking to hold momentum, we are going to need to see a break and retest above 76.500 for potential long opportunities to 77.400 and potentially 78.250. AUDJPY has created a huge impulse to the upside and has pulled back to create a double bottom formation. However, if price breaks back to 75.750, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.