AUDJPY is facing bearish pressure from 1st resistance !

AUDJPY is trending in a triangular squeeze and is facing bearish pressure from our first resistance, in line with the 78% fib retracement , where we could see a further drop towards 1st support. Stochastics is also showing increasing bearish pressure for AUDJPY. If price goes lower and breaks the ascending trendline, this could be another confirmation that AUDJPY will break out to the downside!