AUDJPY - Breakout from Falling Wedge
Updated
AUDJPY had a momentum driven break out from falling wedge pattern which means tendency is bullish till ascending trendline is respected by the price action. Bank of Japan as been pursuing loose monetary policy and until we see a policy shift, JPY will keep breaking resistance against major currencies.
Note
Sorry, I should have said JPY will keep breaking support against major currencies (will remain bearish).Trade closed: target reached
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