Possible bullish run for AUDJPY
Updated
Focusing on the daily timeframe and spotting a bullish flag pattern on the 4H timeframe.
AUDJPY could possibly resume a bullish trend alongside YEN-related pairs like CADJPY & SHFJPY.
The pair flag pattern formation stays a little around the golden ratio of the Fibonacci level 50% and 61.6%, making a very continuation level.
There is an alternative possibility of retesting the demand area again since it left on 19 Jan.
However, I am generally bullish and that is my bullish setup, if you find it helpful you might just want to check it out.
AUDJPY could possibly resume a bullish trend alongside YEN-related pairs like CADJPY & SHFJPY.
The pair flag pattern formation stays a little around the golden ratio of the Fibonacci level 50% and 61.6%, making a very continuation level.
There is an alternative possibility of retesting the demand area again since it left on 19 Jan.
However, I am generally bullish and that is my bullish setup, if you find it helpful you might just want to check it out.
Note
The first break out of the Flag Pattern on AUDJPYNow i am anticipating for a retest, then smash a new Buy order.
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