OANDA:AUDJPY   Australian Dollar / Japanese Yen
Price has been consolidating and Ichimoku is providing a strong signal at this point, which appears to be a breakout. Price has closed below the 200 EMA, prior to there is a respected Head & Shoulders pattern signaling a potential reversal. Within the right shoulder there is a double top and below there is a break of support with a retest. The lower averages of the cloud has formed a strong resistance for price as is remains beneath. There is another layer of support that needs a breakthrough but I am expecting a breakthrough as this appears to be a good position to short.

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