AUD/JPY PRE-LONG ANALYSIS

There's strong momentum to the downside, heading towards the highlighted zone. From there i expect price to hold, stabilise and then provide an opportunity to go Long. If price does start to go up we may face resistance at the blue lines highlighted before we hit the final target that is the red line.

Kommentar:

Monday we could see price go down to the highlighted level still before going up, however there is a possible inverse head and shoulders forming. We already have the left shoulder and the head, just waiting for a right shoulder. If this does form we may take an entry a bit earlier than our highlighted zone.