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- AUD/JPY Price Analysis: Bulls are moving in at a key support area
AUD/JPY Price Analysis: Bulls are moving in at a key support area
- AUD/JPY bulls have started to move in for the sessions ahead.
- The price is testing a trendline support area.
The price has ducked into the daily trendline line support and should the bulls commit, then the probability is compelling for an upside extension for the days ahead. The following illustrates this from a daily perspective supported by an hourly bullish Cypher pattern.
AUD/JPY daily chart
The Cypher Pattern strategy is a reversal strategy and there is a completion of the XC leg with the price consolidating at key support with a bullish bias outlined on the chart above.
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