FxGeneral876
Short

AUDJPY Head and Shoulder... Ranging.

FX:AUDJPY   Australian Dollar/Japanese Yen
49 0 2
A head and shoulders pattern looks to have formed on the 4h timeframe, with the pair moving back into a prior range. A break of neckline would give another selling opportunity if previous move down was missed. We also have some divergence on the RSI . First target would aim for .236 fib level, back to the bottom of prior range. A significant break of .236 fib level, out of range, would signify a more predominant move down. If price moves above critical level, at upper end of right shoulder area, then trade would be invalidated in the short term and a better entry should be pursued.

This is just my view of current conditions! Good Luck!
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