AUDJPY is in strong bullish trend. As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH. What you guys think of this idea ?
It went outside the channel, what does this mean. More bearish, I assume?
Finchcliffe
⋅
I think you're spot on, BoJ clearly not getting involved (yet), it's in their interests to have a weak Yen for exports, and AUD strong atm, agree completely!!