AUDJPY Bearish Pressure + Major Breakout Potential

After selling off selling off for several hundred pips, the AUDJPY hit a multi-year support level at 87.30 bouncing twice. However the reactions each time produced smaller and smaller bounces, suggesting the bears are continuing to sell any rallies as its produced two LH's (Lower Highs).

Watch for a breakout pullback setup after a little more selling pressure manifests near the level.