The AUDJPY currency pair was in the downtrend during January. At the moment, the trend has been reversed and AUDJPY seeks to win back some losses.
On the chart, the “bullish” pattern “harami” was formed: a pattern of the upward reversal.
If within the nearest days the price does not fall below the line of the brokedown trend, the upward movement can accelerate with the target of the January maximum level of 84.3
This content is for informational purposes only and is not intended to be investing advice.
