AUDJPY | Monthly H&S Break, 68.1 Retrace possible

٢٨ فبراير ٢٠١٨

On the monthly time frame we can see an inclined head and shoulders formation which the market has effectively broken. A retrace to 74 is possible, on the daily time frame we have an internal bear trend that the market could bounce off of.

A break below 82 may send the market to 77