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themarketzone

Weekly False Break - Head & Shoulders in focus

Australian Dollar / Japanese Yen (FX:AUDJPY)  
themarketzone  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns AUDJPY USDJPY falsebreak
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trendanalysis chartpattern audjpy usdjpy falsebreak
Last week AUDJPY spiked 600 pips (low volume - holidays market)
The Bears tried to trigger a weekly H&S pattern by closing below the neckline - They failed.

It looks like we can see a short term pullback in AUDJPY... but pay close attention to that weekly H&S pattern as the year progresses.

Happy 2019!
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