Bears May Still Run Strong This Week....

OANDA:AUDJPY   Australian Dollar / Japanese Yen
The overall move is down for AJ until it reaches the weekly zone -- maybe. I'm waiting to see if we make it to the weekly and breakthrough to the monthly level to determine the next move…if we can make it. If not, we'll bounce off the weekly and go bullish .

As you can see for the bullish move, I'm not looking for it to go too far up this week, especially with JPY news happening. So we'll play this trade out in this little area to see which zone it will break out of first: the daily 76.058 zone at the top, or the weekly 73.711 zone at the bottom.

• 74.936
• 75.460
• 75.960

• 74.025
• 73.757
• 73.131


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