The Daily TDI for this pair appear to be reaching a bottom and preparing to reverse in a similar way to they did around the last big upswing. Conservative entry would be higher above the 1.12 area as this could provide some resistance. Further heavy resistance expected around 1.13 but above that not much until 1.16.
Buying EUR/JPY based on a weekly timeframe bullish movement accompanied by expanding TDI indicators after a cross. Monthly also looks good for an extended holding of EUR/JPY looking for 1000 - 1500 pips with a SL of 500 and a timeframe of 4 - 12 weeks.
Predicting that the AUD/USD will see a reversal from the long term downtrend and return to trading above 0.80 for the foreseeable future. A daily breakout from 0.775 occurred earlier in the week saw prices test the 0.80 level which offered predictable resistance.
A 50% retracement of the week's earlier upwards movement is now complete and price is at a strong...