AUDJPY – Breaks the Head and Shoulders to the upside

Monthly: Holding within an Expanding Wedge formation than has a bias to eventual break to the upside. Bespoke resistance is seen at 85.47

Weekly:  Holding within a bearish channel formation. Levels close to the 61.8% pullback of 79.27 (from 72.45-90.30) have found buyers. Trend line resistance is located at 86.73.

Daily: Breaking the Ending wedge formation to the upside. The pattern has a measured move target of 83.90. Reverse trend line support is 80.73

Intraday (4-hours) – Breaking the reverse Head and Shoulders to the upside. The formation has a measured move target of 82.90. With bespoke resistance located at 81.05, there is scope for a mild correction. We look to buy into dips.