AUDJPY confirming pattern break?
Hi, TradingView community and our followers. We’re taking a look at the AUDJPY 4H today as price has broken out of a triangle pattern and, for now, is showing signs of confirmation.
Measured move rules suggest we could see a run-up of around 140 pips. This could take price back up to 92.16. before that, though, we do see potential resistance from 91.60. We will be watching to see how buyers go if they reach resistance and if they can break it, will we see the move extend close to the measured move target?
Key data to come today, US CPI and Core CPI data. Which is due for release at 8:30 am EST.
Measured move rules suggest we could see a run-up of around 140 pips. This could take price back up to 92.16. before that, though, we do see potential resistance from 91.60. We will be watching to see how buyers go if they reach resistance and if they can break it, will we see the move extend close to the measured move target?
Key data to come today, US CPI and Core CPI data. Which is due for release at 8:30 am EST.
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