The AUD/JPY pair is showing potential for a renewed upward move. This bullish outlook is supported by the formation of a Double Bottom pattern, which signals strong buying interest, along with a Descending Broadening Wedge, reinforcing the possibility of further gains.
These technical signals suggest that AUD/JPY has room to continue its bullish momentum in the near term.
Recommendation:
- Buy AUD/JPY
- Entry: 96.563
- Take Profit: 97.405
- Stop Loss: 96.028
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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