We have seen the $USDJPY rally for 12 days and about two days of consolidation. with the weeks closing coming upon us, we shall see if positive US data can extend the rally well into next week towards the 106 handle.
The battle of the commodity currencies continues. Will be looking for a break below the 200 EMA on the daily before I start entering any shorts. we are in a proven resistance zone.
Here we have the third possible touch of a daily trendline. With a Friday full of news events, we can expect some volatility.
Will Be looking for a pullback long, then continuation of shorts. Will only open position if price gives us an entry. Current Macroeconomics and Selling momentum could be a factor as well and if price fails to confirm buying pressure I will be looking for a break of channel
Will be shorting Aud/usd based of Daily Trend line and Structure zones
Will Be looking for a pullback long, then continuation of shorts. Will only open position if price gives us an entry. Current Macroeconomics and Selling momentum could be a factor as well and if price fails to confirm buying pressure I will be looking for a break of channel