I went totally wrong on AUDJPY
yesterday after reanalyzing everything and should be stopped out very soon. As far as the USDJPY
goes. There is a lot of YEN selling pressure right now that's taking out some key areas opening the door for a huge decline. Also, the USDOLLAR
is picking up some strength ahead of the FOMC as you can see pin bar
that formed a few days. This is a tough spot, but I have to take a shot here. Technically, We have broken the counter trendline
, with a daily MACD
divergence, and an 8/21 ema
cross over. Also, we have held up the 111 key area with a daily close two days ago. Let's see what happens.