Bullish Butterfly AUD/JPY

The monetary policy minutes released this morning have seen some downside in the AUD. However, nothing has really changed in terms of monetary policy so the downside could be limited. In terms of sentiment, Commercial traders shifted to longs after last week so I will keep a close on of this for Monday. In the meantime we will see if this bullish butterfly pattern plays out along with the bat pattern on the GBP/JPY.

Order cancelled:

pattern failed