AUD/JPY Flag Continuation Pattern
Scott Barkley | Dec 17, 2018 08:40AM ET
AUD/JPY:
Bearish: Currently we are at 181.28 in a flag continuation pattern. If we can break the flag support here, we are looking for a continuation to the square up at 80.50 which should finish a 4th wave and set up a 5th wave down. Our overall target down is the day chart bottom at 78.63 area. The average daily true range (ATR) for the pair currently is 77 pips.
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