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

1. Left shoulder
2. Head
3. Right shoulder
4. 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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Cheers and safe trading,

Nenad