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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