AUDJPY shows strength after a price drop of 1200 pips
AUDJPY shows strength after a price drop of 1200 pips
The price broke out of a bullish triangle pattern thus increasing the chances of a bullish wave.
Tomorrow we have the BOJ decision on interest rates and the market expects the BOJ to raise rates.
However, it may not happen as many are already expecting.
AUDJPY is showing a clear reversal signal after 1200 pips down.
Generally, this upward correction is required in this situaion, as shown in the chart.
I will share later a more details analysis on JPY pairs.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
The price broke out of a bullish triangle pattern thus increasing the chances of a bullish wave.
Tomorrow we have the BOJ decision on interest rates and the market expects the BOJ to raise rates.
However, it may not happen as many are already expecting.
AUDJPY is showing a clear reversal signal after 1200 pips down.
Generally, this upward correction is required in this situaion, as shown in the chart.
I will share later a more details analysis on JPY pairs.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.