AUDJPY Bearish Head and Shoulders formation
Has a gap to fill down to 82.42. Price action from 4/23/17 - current has been forming a head and shoulders pattern that is currently at its second shoulder which is a good short entry if MACD and PPO have bearish crossovers to confirm. I will take profits at 82.15 which is the fib retracement number .782, however the depth of the head shows full retracement. Worth noting that it has been in a downtrend since 3/22 so this short will be going with the longer term trend.
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