USDJPY has bounced of the 200 Day Simple Moving Average and is currently resting on an area of support populated by several previous lows. Buying at current levels with a stop below the lows offers a good risk/reward opportunity for long positions.
AUDNZD has found a level of resistance around the 1.09 psychological level that is also home to the 38.2% retracement of the decline from October 2013 to January 2014. If we see price continue to rally this could offer us a good risk/reward entry with a stop at 1.0950 as we look for the overall downtrend to continue. Initial target at 1.0675 would give us a 1:2...
