AUDJPY Short - Consolidation before the big move?

9 Nis 2018

AUDJPY has been finding resistance around the 50% fib level from the previous high. There is also descending trend line resistance. My bias is short to the -27% fib extension just below 80.000, however a break either way and retest of the trend line should show the right path for this pair. Be cautious of market makers creating fake breakouts. Trade safe.