Here is AUD/JPY on the 30 Min Chart in what looks to be a VERY convincing Cup and Handle Pattern starting to form!
I expect price will finish the "Cup" @ 97.007
-THEN-
Give us our "Handle" (Higher Low) to continue HIGHER being that its a Strong Reversal Pattern!
Fundamentally:
AUD -> NAB Business Confidence (Mon), Wage Price Index (Tue), Employment Change and Unemployment Rate (Wed)
JPY -> "Clear News Week"
**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
I expect price will finish the "Cup" @ 97.007
-THEN-
Give us our "Handle" (Higher Low) to continue HIGHER being that its a Strong Reversal Pattern!
Fundamentally:
AUD -> NAB Business Confidence (Mon), Wage Price Index (Tue), Employment Change and Unemployment Rate (Wed)
JPY -> "Clear News Week"
**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
