AUDJPY Bullish Continuation?

2020년 3월 30일

Hi All,

I am intently watching the AUDJPY pair as we continue to coil up in this symmetrical triangle. This triangle is forming after a nice bullish divergence on the 1hr timeframe. Keep an eye on this pair as we enter the final stages of what looks like a bullish continuation pattern..

However, Australia have just announced a 130B stimulus package for business and employees struggling during the COVID-19 pandemic, what does this pair do from here?

Australia is due for the HIA New Home Sales report tomorrow morning so we could see this act as a moving factor during this crucial time for this pair, if we get negative news could we see the Aussie dollar lose value against the Yen?

Potential manipulation (bull trap) ahead..

Keep alert and trade safe!

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MNLZ