Thu, 17 Jul 2014 14:37:17 GMT
AUD/JPY 1H Chart: Triangle
After increased volatility seen a week ago the Aussie started to calm down, which has eventually led to formation of a symmetrical triangle. However, despite the ‘sell' signals on all relevant time-frames, the currency pair seems to be already willing to break-out from the pattern to the upside.If this is the case, the first resistance the price will encounter is