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AUD/JPY Flag Pattern Says Direction Is Down

05/02/2022

Less than a minute

2022.05.02 16:41

Bearish

AUD/JPY is currently at 91.66 in a range with a bearish Flag Pattern. IF the pair can break the 91.60, we are looking for a continuation to the ATR target at 90.48.

Watch the USDX for any change in direction. The ATR for the pair currently is 137 pips per day and its 180 day average is 130 pips per day.

At time of writing, USDX was trading sideways.
AUD/JPY Flag Pattern Says Direction Is Down AUD/JPY Flag Pattern