If the next candle on the daily timeframe of USDJPY breaks through the 108.454 level, then we can place a nice long position which should be valid until the take profit of 111.00. Of course, we can expect a pull back down to 109.00 as we can see a clear W shape with good support. If, however, the candle breaks through the level of 107.214, then a long position is...
If AUDCAD can break through the key level of 0.89431 with a strong buy candle and the resistance of 0.90367 on the daily timeframe, I'm seeing consistent price increments for the next 2 months at least as it has already been oversold for the past financial year. Expected take profit of 0.9600.
