The AUD/JPY has made a shoulder head shoulder formation.
AUD/JPY Technical Analysis
Shoulder Head Shoulder formation
The price is bearish
The entry is at the right shoulder
D L3 possible target
H1 Chart AUD/JPY
Left shoulder
Head
Right shoulder
Target
The AUD/JPY has made a shoulder head shoulder formation. We might see an extended move down as a part of the overall bearish move. Trend is still bearish and we can see rejections from 90.00 levels as my entry level is just there. Target is D L3 88.54 but pay close attention if price breaks 88.30. The break of 88.30 should accelerate the move.
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