Possible bullish run for AUDJPY
Focusing on the daily timeframe and spotting a bullish flag pattern on the 4H timeframe.
AUDJPY could possibly resume a bullish trend alongside YEN-related pairs like CADJPY & SHFJPY.
The pair flag pattern formation stays a little around the golden ratio of the Fibonacci level 50% and 61.6%, making a very continuation level.
There is an alternative possibility of retesting the demand area again since it left on 19 Jan.
However, I am generally bullish and that is my bullish setup, if you find it helpful you might just want to check it out.
AUDJPY could possibly resume a bullish trend alongside YEN-related pairs like CADJPY & SHFJPY.
The pair flag pattern formation stays a little around the golden ratio of the Fibonacci level 50% and 61.6%, making a very continuation level.
There is an alternative possibility of retesting the demand area again since it left on 19 Jan.
However, I am generally bullish and that is my bullish setup, if you find it helpful you might just want to check it out.
Now i am anticipating for a retest, then smash a new Buy order.