AUDJPY has been an interesting pair this week. It formed a bearish bat, but it isn't the ideal bat. Normally you would want the .88 Fibs to be met without any retracement. If the bat does work, I believe it will only reach target 1. Target 2 is possible, but with such a recent strong uptrend, it will be difficult. However the target 2 does lie on the new trendline. Price can reverse from there as well, but if price break the low of 83.73 then we will have a double top on the daily/weekly time frame for a great short.