Price on 
AUDJPY has been consolidating down a Descending Channel for the past 3 weeks and after making a 38.2% Retracement of the 98.425 High, to open this week, Bulls created a huge gap up, breaking out of the Descending Channel!
This Breakout confirms the Continuation Pattern, the Bull Flag!
If Bulls are able to secure a close higher than 98.425 during this Breakout and are successful in a Retest in the 98 - 97.8 range, this could deliver potential Long opportunities as a Bull Flag Breakout and Retest Set-Up!
Once we have a Valid Breakout and Successful Retest, the Price Target for the move will be into the Weekly Resistance that can be found in the 102 range from November Highs of 2024!
AUDJPY has been consolidating down a Descending Channel for the past 3 weeks and after making a 38.2% Retracement of the 98.425 High, to open this week, Bulls created a huge gap up, breaking out of the Descending Channel! This Breakout confirms the Continuation Pattern, the Bull Flag!
If Bulls are able to secure a close higher than 98.425 during this Breakout and are successful in a Retest in the 98 - 97.8 range, this could deliver potential Long opportunities as a Bull Flag Breakout and Retest Set-Up!
Once we have a Valid Breakout and Successful Retest, the Price Target for the move will be into the Weekly Resistance that can be found in the 102 range from November Highs of 2024!
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
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.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
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.