AUD/JPY- 4hrs (Downside Chance 70%!)

AUD/JPY

TA Wise:
MACD has started responding to the downward pressure. If we break down below the cloud and the rising channel, we should see a large downward pressure.

FA wise
Downward pressure lies with the crisis in US-China that fuels the yen as a risk off hedge. Furthermore, AUD suffers from a bad GDP report which should fuel further downside.

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(Disclaimer: This is non-financial advice, any past performance, projection, forecast or simulation of results is not necessarily indicative of the future or likely performance of any investment.)