RISK-ON CONTINUES IN THE FX MARKET

Australian Dollar/Japanese Yen

The price chart of AUD/JPY formed an ascending triangle. A daily close above the upper boundary will confirm this as a continuation chart pattern with a possible price target of 81,21. This trade requires continued risk-on sentiment, as you may know AUD/JPY is a barometer for the general market sentiment. Australia's economy is doing better because of increased trade with China. Australia is also experiencing drops in their COVID-19 numbers.

H. Cekaj

I am a financial market speculator and the owner of ChartNavigation.com. My strategy focuses on exploiting recurring patterns that align with intermarket analysis, supported by robust financial and macroeconomic data.

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