During the Asian session, which begins the current week trading, the currency pair AUDJPY headed to the lower limit of the triangle. It has been tested, and as you can see on the hourly chart there was a false breakout. Price returned after that to scope the formation.
If price will remain above the support, likely scenario is on the rise in prices today. On the other hand, descent and closing below support and a candle, which creates a false breakout – negates the pro-growth bias short-term on this pair.
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