AUDJPY, look for sells.

This is the first time we have gotten a breakout of a previous swing low since AUDJPY started buying months ago. This could be the beginning of a long term down trend. Price could decide to pullback and retest the support and resistance zone or hit the trend line for a 3rd time. If price does not do any of these we can still drop to a lower time frame and monitor for possible bearish trade setups. Happy trading!