AUD/JPY Short Opportunity

Looking at AUD/JPY on the 30 min timeframe, we can spot an ascending formation that was broken and is currently being retested. Not breaking above the retest zone could be a great short opportunity towards 93.96, the 61.8% Fibonacci Retracement level.

Breaking below 93.96 may push the price for further downside towards retesting the channel's beginning at 93.39. Goodluck!

M.Y.