Possible reverse H&S forming on AUDJPY Weekly chart

2020-01-16 22:22:07

Now that AUDJPY has reached my target (from last Friday - see previous chart) of 76.1 I'm looking for a neckline break of a possible reverse H&S on on the weekly chart. There's also a smaller possible H&S forming on the H4 chart that coincides.

A WEEKLY close above the neckline and the EMA 50 week line will show more bullish potential in this pair.

Look left for possible areas of resistance along the way to my target of 82.

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