AUDJPY Triangle Consolidation
The Aussie Yen has been in recent ascending triangle consolidation , impeded by prior swing high around 76.50. Volatility has dramatically reduced with daily ATR around 0.70 yen.
The prior trend was up from 59 , and the present bias is to the upside ( 20>50 MAV) . Pointless trading within this consolidation.
Awaiting a breakout and trade in its direction , with consideration to the upside . The likely target is next point of resistance for the pair at 80.50 .
The prior trend was up from 59 , and the present bias is to the upside ( 20>50 MAV) . Pointless trading within this consolidation.
Awaiting a breakout and trade in its direction , with consideration to the upside . The likely target is next point of resistance for the pair at 80.50 .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.