AudJpy- Ready for 88
After the correction from 85 to 77 strong support, AudJpy has resumed its up-trend, recovered losses, and is trading now just in the old local high zone.
For 2 weeks now the pair is consolidating gains and is putting in a small continuation triangle on our daily chart (visible, of course also on small TFs)
At this point, AudJpy looks ready for a break up and the target could be 88 strong resistance (visible on weekly and monthly)
A drop under 84 would negate this scenario
For 2 weeks now the pair is consolidating gains and is putting in a small continuation triangle on our daily chart (visible, of course also on small TFs)
At this point, AudJpy looks ready for a break up and the target could be 88 strong resistance (visible on weekly and monthly)
A drop under 84 would negate this scenario
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