ForceFollower

AUDJPY In a strong trend

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
It's quite possible that this market is heading for the nexus point that combines the grey upper median line parallel and the red sliding parallel off the April-2013 top to the left. However, prior to that there's the 50% retracement at 95.91, which is quite likely to put at least a temporary stop to the ongoing rally. Further resistance is probably coming roughly from those lows at 97.33. Support is to be found at prior highs at 94.47 - above it good buying opportunities may show up.

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