AUDJPY has been trading in a rising wedge formation and currently it took a beating from the top of the wedge. We are expecting price will drop almost 100 pips from here to the bottom of the wedge.
Alternatively, breaking above will call for more bulls in the party and pair can trade to ATH
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.