AUDJPY: Bullish Outlook as Yen Continues its Bearish Bias?
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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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.
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.