Thoughts on AUDJPY for short positionAustralian Dollar/Japanese YenFX:AUDJPYpinosoGood evening, The market for AUDJPY in general is not favorable as it is currently in a consolidation. Overall the trend in 1D has been somewhat bullish, but currently the consolidation makes difficult to place positions. However, for the scalpers or day traders, a bearish position is possible due to a rectangle pattern. Since it's clear consolidation, we just need candle confirmation after the bounce back (for example an engulfing candlestick pattern). Price expected to entry is 113.900. Link of the image: