ChEtg

AUDJPY Approaching Sig Level on Monthly. Break of Bull flag

FX:AUDJPY   Dollar australien/Yen japonais
3
So this trade has a conflict when looking at it for a long or short Bias for the week - It has broken out of a Bull flag on the weekly last week but is Strongly approaching a Sig Level on the Monthly Timeframe

Both economies have been relatively weak in terms of currency strength due to safe haven and commodity prices failing.
On the smaller timeframes this sits at the top of a trend channel so short term could be a short until or if it breaks out that channel.

I will be watching as to how it behaves at the monthly resistance level before deciding a Buy or Sell opportunity
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.