Hello Traders! I hope you all having a great start of the week!
Today i will take a look at AUD/JPY H4 timeframe!
Looking at the AUD/JPY charts we can see, inverted head and shoulders pattern to upside. Price reached very strong 74.500 resistance.
If price will break 74.500 to upside, I will go long on this pair at the retest of this zone. If price will fail to break this zone, I will take a short position.
Targeting 170 pips to upside. In another hand- 190pips to downside.7