AUD/JPY uptrend

Seems like a possible reversal on the daily, in smaller timeframe the channel formed, if price breaks above the horizontal resistance it will likely continue upwards.

Kommentera:

Forgot to mention, there does seem to be a head and shoulder pattern in the daily chart, but with the way price is reacting in the lower timeframes this uptrend seem likely to continune for the shorter term, I would not be suprised if price were to retest the lower support of the pattern in the mid to longer term.