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AUDJPY Bullish Reversal Pattern: Head & Shoulders with Double Bottom Signals Upside Potential

The price action is developing a classic Inverse Head & Shoulders pattern, reinforced by a Double Bottom, signaling a potential trend reversal from bearish to bullish. The neckline is positioned around 93.319, acting as a crucial breakout level. If the price sustains above this zone, we can expect bullish momentum to push toward Target 1 at 93.834 and further towards Target 2 at 94.399.

A successful breakout and follow-through could lead to testing the major resistance at 94.718, making it a key level to watch. However, if the price fails to hold above the neckline, a retest of lower support zones, around 91.924, could be possible.