AudJpy: Showing Some Strength

FX:AUDJPY   Australian Dollar / Japanese Yen
Comments on the chart. Barring any risk-averse news price could head higher
May 15
Comment: Price is not moving up as per the idea. While the idea has not been negated it requires closer watch.
May 16
Comment: Nice solid upmove today. Idea has been rescued and lives to fight another day
May 19
Comment: Price moved up on friday and touched the yellow line. A breakout above this line/area could take us to the 87.00 area
May 21
Comment: Price has broken above the yellow line as expected. Price is now bullish imho.
May 26
Trade closed: stop reached: Price has traded back below the yellow line and so the stop was elected.


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