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AUDJPY Strong Trend Reversal Pattern.

Short
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
Fx_Trader_ViSa  
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY audjpytrend dollar yen aussie Forex forextrade forexsingals Technical Analysis
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trendanalysis harmonicpatterns chartpattern audjpy audjpytrend dollar yen aussie forex forextrade forexsingals technicalanalysis
AUDJPY has given a good rally from its bottom and now it has given a good breakout from its rising wedge pattern, towards the downside. It has formed a complete head and shoulder pattern at the top, which is an indication of a trend reversal signal so, we might see a longer-term trend will be a downside. Target 1 is on the downside for AUDJPY will be supporting 1, at this point, it might be consolidated for now and then move for target 2, which is support 2 at the downside.

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