AUDJPY LONG

AUDJPY has been consolidating in this range for an extended period of time on the daily timeframe after an initial sell off back in July 2024. I believe we have gotten to the end of this consolidation range and could be looking at a potential breakout back to the upside. This appears to be a falling wedge pattern, which is a bullish continuation pattern. If the DXY continues to fall, currencies like the Australian Dollar should gain strength against other currencies.