Aud/jpy

[Raj]

79.25 (the 786 fib) may be a potential short on this head & shoulders pattern. I'll update closer to the target sell price.

:)

[Raj]

well the pair never reached my target for short...rather sank just b4 the 618 fib...anyhow, now that it has confirmed the head & shoulders pattern, we are sitting at support, so let's keep an eye on loser tf's for possible pullback

:)

[Raj]

SK held nicely...we even got a morning star CF, and away she flew...up 300 pips now, locking in as she rises.

:)

[Rob123]

Raj, I see that bounced off the outer trendline around the 38.2 level and inner trendline 61.8 so good confluence there also.-good eye .Right now it's hovering around the 78.6 level of the 4 hr down move or the last swing down from the daily .Will have to see how this one pans out.If i'm wrong here just let me know because i'm here to learn. Rob

[Raj]

Correctamundo Rob!!....4hr chart is still bearish after that confirmed bear crown, and you're right we're sitting at that786

:)