A bird'e eye view at AUDJPY daily chart revels a potential Head-and-Shoulder pattern in making. Left shoulder comes at 5-July high and then pair bottomed on 25-July. It then went to set a new high to form head at 16-Aug high of 83.49. After that price roughly pulled back to previous bottomed area and then went up to form right shoulder on 14-Sep high at high of 83.07.
This price action makes a potential head-
and-shoulder in making but it would require a break below neckline. It will also suggest a long term top in making.
AUDJPY Daily |
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