USDJPY – The US Dollar is gaining ground against the Japanese Yen. All looks happy and dandy for the USDJPY bulls at the moment. Every day is a Sunday and they can smell the flowers while trading on their desk.
But how long can this elevated move in the USDJPY sustain itself?
If you look at the daily chart above, ...
EURAUD - Here is an idea to go long on this pair on the daily timeframe.
This pair has formed a Higher Low (HL) and has broken resistance zone at 1.487.
You can also see that that zone is the neckline of an inverse head and shoulders pattern. Another reason supporting a buy trade.
MACD histogram is above zero ...