We've been getting several flag patterns lately, mostly in Aussie pairs where the base currency is Aussie. So here we have another valid pattern on FX:AUDJPY , where we just got a huge breakout to the upside. This type of breakout was mostly due to the 2 high impact news events that came out yesterday (Nov.11.2015) @ 7:30 pm from Australia. It was the "Employment change" news where the actual value (58.6 K) was significantly higher than the expected value (14.8 K), which might have seemed to cause this huge of a move. See the chart above for more details.
NOTE #1: Watch for the key level @ 87.252 could act as good !!!
NOTE #2: The previously posted valid pattern on this pair has been invalidated by the market (Link under the related ideas section) !!!
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