AUDJPY - Breakout from Falling Wedge

AUDJPY had a momentum driven break out from falling wedge pattern which means tendency is bullish till ascending trendline is respected by the price action. Bank of Japan as been pursuing loose monetary policy and until we see a policy shift, JPY will keep breaking resistance against major currencies.

Kommentar:

Sorry, I should have said JPY will keep breaking support against major currencies (will remain bearish).

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