the pair has been on quiet a run of late and might continue on the short term but still a short is in sight during the coming week or next so stay focused
the RVI is still showing signs of a long in perspective even though the pair approached a support zone
Here's another trade with the Spectro M2 trading system.
Remember this short is yet to be confirmed, so stay tight and wait for the entry confirmations.
Also, there's a good possibility that it might breach this level and we might see another small bull run before the correction, just apply the same entry logic and use the adaptative pivot...
JPYAUD appears to be forming a bullish flag. Too early to tell, but if going bullish it is usually a good idea to wait for a pull back. Waiting also gives you the opportunity see any sharp reversals and change your mind. Expecting to see a pull back/sell off because of the recent bullish activity, however if all goes as planned it will continue to rise higher and...