AUD/JPY. Buy falling wedge breakoutThe pair is forming a falling wedge pattern that usually breaks to the upside. Recommend buying at the break of the upper trend-line with a TP around 89.20-89.50. I personally don`t expect it to break the top. Once it gets to the 89.50 price level, I will be looking for sell setups for the longer term.
MACD divergence supports the idea of a break to the upside.
