AUD/JPY: 4-hour

AUD/JPY 4-Hour Chart

Things are about to get interesting on AUD/JPY really soon, so Aussie bears, listen up! The pair is crawling closer and closer to the 83.50 area, where it once found support. If it bounces off this level again, it could complete a head and shoulders pattern and lead to an even bigger drop. On the other hand, if the market manages to break above this level, you could get another chance to short the pair at its previous high around 84.00.