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AUDJPY: Bullish Channeling and a False Break, Long Opportunity?

Long
FX:AUDJPY   Dollar australien/Yen japonais
Hello Fellow Forex Trader, Here's a Technical outlook on Aussie Yen!

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Chart Perspective
Aussie is creating bullish channeling and a false break. The Stochastic Indicator created a golden cross in the oversold area, which indicates a potential bullish movement.

All other explanations are presented on the chart.

The roadmap will be invalid after reaching the target/support area.

"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the Aussie Yen"

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