-Bullish rally extended on Inverted head and shoulders breakout. -Price hit 0.9280 resistance level, showing pin bars at resistance - pullback was shallow towards 0.9200 -The price broke above 0.9280 confirmed 0.9337 and 09445 upside targets. - I prefer to look for short entries now, as price was rejected at 0.9445 resistance, we will probably see further downside correctional bias, targeting 0.9300 area. - Note that the Full target of the IHS pattern is near the 0.786 retracement at 0.9522.
I like this idea a lot, but looking at AUDJPY I still think there is more upside there.
JPY weakness or one more rally in AUDUSD? It's going to be interesting to follow.
Good luck!
Technician
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I am just looking for a pullback to 0.9300 for now, to the upside 0.9525 is the next target.
JPY weakness or one more rally in AUDUSD? It's going to be interesting to follow.
Good luck!