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FX.co ★ AUDJPY M5: Head and Shoulders

AUDJPY M5: Head and Shoulders

Head and ShouldersThe technical pattern called Head and Shoulders has appeared on the chart of AUDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 93.12/93.13 after the right shoulder has been formed. So, the trend is set to change with the price heading for 92.98.
The M5 and M15 time frames may have more false entry points.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction
Go to the patterns list Go to graph