AUDJPY - This Weeks Hot Technical Formation

Published September 22nd, 2006 - 06:44 GMT
Al Bawaba
Al Bawaba

Current Price: 87.40

 

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AUDJPY is tracing out a 2 month head and shoulders pattern but the pair is right at support from the 8/18 and 8/21 lows at 87.58.  A break below there still contests with the congestion (circled) and a series of lows near 87.20.