5min analysis before the bell is bearish
after rallying throughout Asian sessions last night the AudJpy
formed a bearish head and shoulders
as well as a bearish bat harmonic
. Prices approached the critical 93.00 level only to pull back once again. Prices are currently resisting the head and shoulders
neckline and continuing to move lower, Our current stop is at the 93.00 level and we are looking to add to our JPY exposure to the downside.