linofx1

AUDJPY: Bearish Reversal Coming?!

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY has developed a significant head and shoulders pattern on the an intraday chart.

The pattern's neckline was breached yesterday, with an intraday candle closing below it. I anticipate a downward trend now, with the next support level likely at 98.20.

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