FX:AUDJPY   Australian Dollar / Japanese Yen
Anyone agree??
Given analysis above, general up trend with retracement to the 0.5 line which shares an area of support @72.500, currency pair now looks to continue on its upward bound direction with retracement having been completed, ABCD pattern also outlined on the chart above, moving averages during downward retracement showed very little momentum as both lines stayed relatively close together. SL @72.350 TP@79.025


4 or 5 touches on the upward trend line. It might be due for a break. Do you still feel this one is a BUY? I think your analysis is good so I'm just interested to know if the lack of movement both up or down has made you think otherwise. It's certainly got me thinking. It just won't commit to a move.
We don't know how strong is the support but will find out soon :) .
If it is a strong support it will very good .
I agree with you here mate !
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