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PardoFX_Trading

AUDJPY

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
PardoFX_Trading Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Head and Shoulders Fibonacci
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headandshoulders fibonacci
I can see a Daily H&S Formation incoming on AUDJPY with the nice base of support and the uptrend being broken by the (unconfirmed) trend-line.

Price is currently resisting from Fibonacci confluence of 2 x 50% and a 78.6% slightly higher, all on a Weekly line of Resistance. Also rejecting from the (unconfirmed) downtrend-line.

Price also tested the 200EMA, it looks like the Day is being wicked out now.
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