Day: June 22, 2014

AUD/JPY Shows Bullish Flag on H4 Chart

A small but nonetheless tradeable bullish flag has been spotted on a four-hour chart of the AUD/JPY currency pair. With its pole formed on Wednesday and the rest of the past trading week used to form the flag part, it does not pretend to be long-termtrend-setting pattern. The chart below shows the pattern marked with the yellow lines. The same lines form the breakout borders. As this flag is bullish, only an upward breakout will […]