as we see a weakness in JPY against all other pairs and a bullish trend continues in AUD we are buying this pair from this zone and
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AUDJPY is trading in a rising wedge after making it bottom. It is also trading on channel patterns within the rising wedge pattern, as you can see in the chart. Considering these patterns, AUDJPY might show upside movement towards the resistance1. If it breaks out from the rising wedge upside, we might see target2 as resistance2.
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As we can see that the pair broke its rising wedge and started falling down. One can take a sell signal.
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As we can see that the pair is close to its Ascending channel breakout. One should wait fro the breakout and then take the trade
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AUDJPY is trading in rising wedge. Now it is trading in narrow range of rising wedge. This means that sooner or later we might see either sideways movement in AUDJPY or decisive trend action after breakout from rising wedge on either upside or downside. If it breaks on upside our first target will be the resistance line of channel pattern and if it breaks out on...
AUDJPY is trading in a rising wedge pattern, also it is facing long term resistance 1 at the top, so we might see some correction on the downside in audjpy and move in an upward direction or we may see a continuation on sideways price movement as long holiday ahead.
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