AUDJPY: falling wedge
After a strong rally, the AUD/JPY has recently formed a falling wedge pattern, which it has now broken out from. This suggests that we can anticipate further upside momentum as it aims to retest previous highs. Traders should keep a close eye on this pair as it presents potential trading opportunities in the ongoing upward trend.
Daily chart:
https://www.tradingview.com/x/zr9MFoZr/
Good trading!
If you find it useful, like, follow, share!
Daily chart:
https://www.tradingview.com/x/zr9MFoZr/
Good trading!
If you find it useful, like, follow, share!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.