Here is a total rehash of my AUD/JPY count. The double top has been broken putting an end to my hopes of the massive H&S possibility that could have been forming. The 61.8% Fibonacci of the entire move down has also given way, and recent price action is looking very bullish. I am now no longer bearish on this pair, while I still expect a pullback soon - Daily RSI is well overbought - my longer term preferred expectation is not to the upside. The CAD/JPY chart looks almost identical. I am not currently trading this pair. I will keep you posted if I see any opportunities in it arising.
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