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EJSM

AUDJPY | Monthly H&S Break, 68.1 Retrace possible

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
EJSM  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Trend Lines Multiple Time Frame Analysis aud jpy DXY Monthly Charts
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trendanalysis trendline mtfa aud jpy dxy monthly
On the monthly time frame we can see an inclined head and shoulders formation which the market has effectively broken. A retrace to 74 is possible, on the daily time frame we have an internal bear trend that the market could bounce off of.

A break below 82 may send the market to 77
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