AUDJPY Could Fall Sharply

There are bearish setups in the Yen crosses, and the AUDJPY might offer the most bang for the buck. There are 5 waves down from the May high (76.20), which suggests that the larger trend is again down (5 waves are with the trend). A poke above 74.93 may be required to complete 3 waves up from 70.52. The downside is favored against 76.20 and the minimum objective is below 70.52.