Forex

AUDJPY Ascending scallop pattern

June 3, 2015

1 min read

Christopher Svorcik

CEO

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AUDJPY has formed an ascending scallop pattern and currently its hanging close to resistance H3 – 96.95. A pullback towards 95.99 zone could be used for buying into dips as 95.99 shows strong POC ( L3, DPP, Trend line, previous swing ) towards 97.00 and 97.40. POC is aligned with a technical ascending scallop and if we dont see a pullback , H4 close above H3 camarilla ( 96.95 ) should push the pair towards 97.40.

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The original article was first posted on AdmiralMarkets.com

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