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AUDJPY: Dominated by Bullish Volume

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AUDJPY: Dominated by Bullish Volume

AUDJPY has been moving in a corrective pattern for about 1.5 months, dominated by bullish volume.
However, this bullish momentum is not solely due to AUD strength but is more related to JPY weakness.
The upcoming RBA rate decision tomorrow may further support this bullish movement.

Technical Analysis:
Looking at the left side of the chart, the price created two ABC moves.The "C" wave may begin from the zone where the old patterns are visible.

Currently, AUDJPY is positioned for the "C" wave.
The first target is near 100.90, with the second target near the top of the pattern at 101.40

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

注释

AUDJPY -> 100.70 so far :)