Wednesday, October 24, 2012

AUDJPY Head-and-Shoulder in Making

Pair AUDJPY is making out a Head-and-Shoulder pattern on H1 chart. AUDJPY Head and Shoulder
Good numbers of Australia CPI and HSBC PMI pushed AUD higher across the board. AUDJPY bounced to the daily trendline but was unable to break it.

On H1 chart, looks like head-and-shoulder pattern is making out with a neck line around 81.65. 

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