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AUDJPY: Classic Bull Flag Pattern
Australian Dollar / Japanese Yen
Long
AUDJPY: Classic Bull Flag Pattern
By Finchcliffe
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Updated
Jul 5, 2023
7
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Jul 2, 2023
I'm expecting further strength for the Aussie this week, and weakness from the Yen against it, so I'm looking for a long.
We may fall-back to the 38.2 fib but then I think we'll see a strong move upwards, breaking out of the bull flag.
We've seen this retracement as the pair became over-bought, but we now seem clear for a continuation upwards.
I'm keeping a close eye here for signals and confirmation using LTF's.
Jul 5, 2023
Comment
Breakout and retest of bullflag, expecting price to reach 97.5
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Chart Patterns
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