AUDJPY accumulation for bullish run with weaking JPY
Every other currency pair with JPY has been running except AUDJPY. It seems to have formed a bull flag but also shows a falling wedge with sell zones that have been touched and now it has been sitting in a demand zone with indication of an accumulation of orders.
Entering Buy stop above this short term accumulation with stop right below for a long term entry as this can go up for months once it breaks the descending trend line. Stop will be held above BE and moved up with establishment of support.
Entering Buy stop above this short term accumulation with stop right below for a long term entry as this can go up for months once it breaks the descending trend line. Stop will be held above BE and moved up with establishment of support.
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