AUD/JPY Technical analysis

FX:AUDJPY   Australian Dollar / Japanese Yen
The pair has formed a subtle head and shoulder pattern in the 4-hour chart.
It has broken the neckline too and is currently consolidating just below it.
Hence, we expect the pair to trade with bearish bias and move to the support level at 78.618.


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.