According to the chart of M5, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 110.46 - 0.00 and support 110.18 – 110.18. In case the resistance level 110.18 - 110.18 is broken, the instrument is likely to follow the bearish trend. The M5 and M15 time frames may have more false entry points.