AUDJPY: Bullish Outlook as Yen Continues its Bearish Bias?
Updated
Hi Fellow Forex Trader, Here's a Technical outlook on Aussie Yen!
Price Action Analysis
AUDJPY has broken out of the bearish trendline and the Descending Broadening Wedge Pattern. The MACD Indicator also made a golden cross, indicating a possible upside momentum to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the Aussie Yen"
Price Action Analysis
AUDJPY has broken out of the bearish trendline and the Descending Broadening Wedge Pattern. The MACD Indicator also made a golden cross, indicating a possible upside momentum to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the Aussie Yen"
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