AUDJPY looks to be a long term buy on the daily time frame and it will probably test a few resistances again that were set a long time ago. So for now AUDJPY remains a big buy!
What would validate a sell? Well a break of the lower range and a break of the previous resistance that just has been broken will validate a sell. So either hop on the bull train or have some patience and see if it will go back down below the broken resistance!
What would validate a sell? Well a break of the lower range and a break of the previous resistance that just has been broken will validate a sell. So either hop on the bull train or have some patience and see if it will go back down below the broken resistance!
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Comment:
After a nice bounce up giving good profit AUD tanked on RBA statement. This has brought AUDJPY back at the resistance and lower range. A nice buy opportunity if you arent buying it yet
Comment:
If you followed and bough the AudJpy dip or North Korea dip from last evening, now is a good time to book profit! Should be around 80-100 pips