AUDJPY is evolving inside an enormous range. A consolidation, which can be an accumulation or a distribution.
If we consider the debt in %GDP of Japan that is growing year after year, the constant injection of money, we can conclude that it is an accumulation. The yen will probably devaluates in the future.
Without the subprime crisis, we would probably be already over the major resistance.
The pair is still in a long term up trend.