AUD/JPY just broke into fresh highs on the year during the 8/21 session after consolidating since April. AUD/JPY’s price action in 2014 can be described as bullish in Q1, then neutral since Q2 after price hit a high around 96.50. You can say that price has been in a sideways market, or you*can also say that it was in*an ascending triangle. The most important thing in the daily chart is that during this multi-month consolidation, price preserved the bullish bias by staying above the 200-day ...
Recent Comments