AUDJPY | Fresh Flag Breakout Within Channel – What’s Next?

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AUDJPY has extended its breakout from the flag formation, reinforced by a decisive move above the 20- and 50-day moving averages. This alignment signals strengthening trend momentum within the broader ascending channel. Near-term catalysts remain RBA policy signals, BOJ guidance, and broader risk sentiment, with the upper channel boundary now the next technical focus.
Nota
AUDJPY has edged lower after its earlier breakout, with price action now hinting at a possible retest of the former channel structure. Momentum has cooled, and the pair is consolidating in a way that suggests the market is weighing whether the breakout has staying power or risks fading back inside the prior range.

We’re watching this setup closely with 97.250 marked as the key invalidation level. Holding above keeps the broader bullish structure intact, while a sustained break back through could imply that the breakout was premature and the channel dynamic remains in play.

istantanea

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