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marazzaq62

AUDJPY - Breakout from Falling Wedge

Long
Australian Dollar / Japanese Yen (CAPITALCOM:AUDJPY)  
marazzaq62 Updated   
CAPITALCOM:AUDJPY   Australian Dollar / Japanese Yen
Chart Patterns Trend Analysis
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chartpattern trendanalysis
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.
Comment:
Sorry, I should have said JPY will keep breaking support against major currencies (will remain bearish).
Trade closed: target reached
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