FeroxWealth
Long

AUDJPY Potential Long Signal Update

FX:AUDJPY   Australian Dollar/Japanese Yen
TRADE UPDATE
Previous analysis:
AUDJPY Potential Long Signal Update

Please see original analysis linked below for in-depth explanation of our long bias.

We are still awaiting a break above this red short-term down trend line on the hourly chart to execute a long position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the upside with a chance prediction of 85% or higher. Currently our algorithm is predicting continued movement to the upside with a chance prediction of 70%, we will continue to monitor price action and the updates from our algorithm.

See the link below for an image of our algorithm's forecast for this pair.
http://i.imgur.com/ss9xZb5.png]

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Comment: Still pending, updated @ 8:10 4/7/16
AUDJPY Potential Long Signal Update
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