OANDA:AUDJPY   Australian Dollar / Japanese Yen
as we can see here on the AUD/JPY chart that it was previously trending in a downward trend within resistance and support trendlines. the market gave us a fakeout out with consolidation under the support line with a triple top, however, the market didn't move to the downside it moved back up to the trending area to then move strongly and surpass the top trendline. but now the market is just consolidating in the pink box area so we can't really determine its direction. so now we are going to wait to see if price moves to the upside out of the box for us to then look for a buy. or if it moves to the downside, out of the box, for us to then look for a sell, so with more potential moves and patterns, we are going to wait to see how this market will move out of this area.
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