AUDJPY--SHORTAUD/JPYOANDA:AUDJPYcatalyts--Monthly Timeframe: Testing the upper boundary of a major macro channel over the last 3 months; last month closed bearish. --Price moved up to test the resistance of the red descending channel and saw immediate downward rejection. AUD/USD is likely to drop, while JPY/USD is likely to rise. In the AUD/JPY pair, AUD is the top number (numerator) and JPY is the bottom number (denominator). If the top number drops while the bottom number goes up, the AUD/JPY pair will drop sharply --Overall bias remains bearish, with expectations for continued downward momentum this week. --