SamKent
Long

AUD/JPY Kumo Breakout

FX:AUDJPY   Australian Dollar / Japanese Yen
84 0 2
The AUD/JPY             has broken the kumo to the upside; In addition, it has broken a longer term descending trend-line. The pair is also trading with RSI>50; putting it all together, we're bullish on the pair, but we would first like to see the resistance at around 101.345 being tested. At that point, selling may pull the pair back towards the kumo breakout level at around 100.785, which would make us interested buyers.
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