FX.co ★ AUDJPY M5: Bullish Flag

The Bullish Flag pattern has formed on the AUDJPY M5 chart. Its lower boundary passes through 111.50/111.46, while its upper boundary passes through 111.52/111.48. The projected flagpole height is 20 points. The formation indicates that the uptrend is likely to continue. A break above 111.52 would confirm further upward movement.