Emerging Ascending Triangle pattern in its final wave was identified on the AUDJPY 4 hour chart. After a strong bullish run, we find AUDJPY heading towards the upper triangle line with a possible resistance at 94.8995. If the resistance shows to hold, the Ascending Triangle pattern suggests a rebound back towards current levels.
After testing the resistance line numerous times, AUDJPY is once again approaching this line. Can we expect a bullish trend to follow?
