AUD/JPY T-89 Pattern Suggesting a Possible Bounce
The AUD/JPY pair spiked after a V shaped reversal at the bottom spiking
up to 80.30, slightly below H3 camarilla pivot. Now moment price action
is showing a completed T-89 pattern right off L4 support where we can
see a confluence zone (L4, 38.2, T-89).
Since T-89 has been completed we might see a bounce off 79.70 too towards 80.40 and 80.80. Only if the price breaks 80.80 it will make an ascending scallop towards 81.30. Ideally the price should stay above L4 in order for the price to remain bullish.