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AUDJPY bullish Bat

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FX:AUDJPY   澳元/日元
Good morning ladies and gents, we have bullish bat signal. Again it appears a high probability pattern, it appears that should the pattern complete RSI will move to oversold and if the price were to move toward stops then it would need to move to almost the lowest level since mid 2017 to take the stops out. I would suggest that the pair has been ranging for sometime on the higher timeframe chart and this recent low brings it back towards the bottom of that range. As such I would anticipate a bounce from support or a significant break to the downside if it can break structure.

Good luck !!
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