AUDJPY could be forming an inverse head and shoulders pattern at the key demand zone.
If the daily timeframe forms a new higher high the pattern will be completed and we can
look for continued long opportunities into the key resistance lows around 77.50. This
market reacts well to risk on and risk off sentiment. If the risk on sentiment continues
we will likely see the pattern complete.
If the daily timeframe forms a new higher high the pattern will be completed and we can
look for continued long opportunities into the key resistance lows around 77.50. This
market reacts well to risk on and risk off sentiment. If the risk on sentiment continues
we will likely see the pattern complete.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.