sedemmler
Long

AUD/JPY Short-Term Double Bottom and Convergence/Divergence?

FX:AUDJPY   Australian Dollar/Japanese Yen
143 1 0
We're still drifting upward from an earlier double bottom and in the short-term we may have just completed another. With solid Chinese and Aussie data, and no rate cut expected this week, now is a decent spot for a long with a stop somewhere below the big number. Target 95.000 or thereabout.
sedemmler
3 years ago
Up about 100 pips since this was published.
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