AudJpy on a verge of a breakdown?

AudJpy is trading just above support.
A close below the support level at 74.00 would expose 73.40 followed by 71.80.
It could even trigger a move to the pattern’s inception point at the year-to-date low of 70.00.
This idea is also in agreement with the long-term trend for the AUDJPY, which has been pointed lower since September 2017.