Okay so this is a good one , Based on the RBA statement and USD/JPY powering higher and reclaiming good levels, there seems to be a strong risk on sentiment right now, so I don't see this going down anytime soon .
I wanna wait to see what kind of reaction we get off the 0.5 fib line, as by rights it should hit it and power on through over the next few days ........
Stay tuned ....
I wanna wait to see what kind of reaction we get off the 0.5 fib line, as by rights it should hit it and power on through over the next few days ........
Stay tuned ....
Comment:
Okay retracing slowly to the 82.00 level as pointed out, we had taken a position on this basis and enjoying the ride down for now got in @ 83.60
stay tuned
stay tuned
Happy trading