AUDJPY TRIANGLE PATTERN BREAKOUT?

13 set 2016

Here we see a potential for the AUDJPY to break out this triangle formation here, a break from the trend line and an opening of the next interval below the line may see a contnuation of the overall downtrend. This pattern is almost reaching its optimal point, therefore a potential for big movements towards my Target of 71.833. I have added some MACD analysis, to further confirm this downtrend as we have a sell signal from (5,8,3) MACD indicator. KEEP AN EYE OUT