USD/JPY has been climbing all week but up to a very strong resistance at 106.600. The pair has been in a downtrend since October last year and I believe this is a pullback and will result in a retest with continuation to the downside. Both the US and Japan have no note worthy new reports for the rest of the month.
AUD/USD has been dropping on the weekly since the beginning of last year so we know the trend. The Daily has consolidated into this descending triangle after a large drop so we will look for continuation on the 4 hour.
