Moving onto this AUDJPY pair, you can see from the chart that the "M" shape has just completed its final leg and is testing the demand zone. I see huge potential for it to bounce off this demand zone and break out of the descending triangle which can also be viewed as a "Bullish Flag" from a bigger picture, adding more credibility to open a long position. I am placing my Take Profit at the supply zone and will observe on the sideline whether I should continue with my bullish bias on this pair.