AUDJPY has formed a double top pattern using a double top for each of these tops. But the pattern is not completed yet. At first, the latest shorter-term double top and main double top formations must break their neckline to the downside. If the price breaks below the 76.530 neckline, target of the shorter-term pattern is at 76.013 level. After that 75.464, the main pattern’s neckline level may be next. Below that level, chart pattern’s target price is at 73.881.
These formations and target may remain valid unless price pass above the top level, 77.047. Over 77.047, AUDJPY may begin to rise with a 77.800 target.
