FX.co ★ AUDJPY M15: Bullish Flag

The Bullish Flag pattern has been formed on AUDJPY at M15. The lower boundary of the pattern is located at 82.53/82.53, while the higher boundary lies at 82.59/82.59. The projection of the flagpole is 20 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 82.59 is broken, the price will move further upwards.