FX:AUDJPY   Australian Dollar / Japanese Yen
39 0 1
Once again H&S pattern from the past catches my attention. As in EURJPY             , I am not interested in the pattern itself but the former neckline is a totally different story. In this case it is especially interesting as some may say that the H&S pattern failed, hence the neckline has no value. Very much possible - but looking @ the price action and how the pair has built a nice support area for itself around 50% retracement area, I suspect that the former neckline + 61.8 retracement level may act as magnet for the price (the area in the box). Time will tell how it turns out.
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