AUDJPY | Monthly H&S Break, 68.1 Retrace possible
On the monthly time frame we can see an inclined head and shoulders formation which the market has effectively broken. A retrace to 74 is possible, on the daily time frame we have an internal bear trend that the market could bounce off of.
A break below 82 may send the market to 77
A break below 82 may send the market to 77
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.