Will we see the Australian dollar gain strength vs the JPY?
The monthly is looking interesting to me here.
-Broken out of a possible demand zone
-Clearly broken downtrend on the RSI and stoch 1M and starting to look positive for a swing
I think its logical that AUD JPY has a attempt to go to 80 cents here at least.
This is not a call to say buy now it will go up with a instant 10% increase lol..
It can pump but looks like it needs more retracement. IF we can find support on one of the blue order/demand zones and other technical analysis supports it then i will consider a trade at the moment i would prefer to get a good entry.
-Broken out of a possible demand zone
-Clearly broken downtrend on the RSI and stoch 1M and starting to look positive for a swing
I think its logical that AUD JPY has a attempt to go to 80 cents here at least.
This is not a call to say buy now it will go up with a instant 10% increase lol..
It can pump but looks like it needs more retracement. IF we can find support on one of the blue order/demand zones and other technical analysis supports it then i will consider a trade at the moment i would prefer to get a good entry.
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