The current economical monetary situation leads the AUD to strenght and JPY is getting less worth because of money printing of Japan.
Uptrend for the next weeks with Target on 103.000
Traders,
Potential reversal has emerged - albeit quite speculative - on the back of an expanding triangle near-completion at Point-5, as well as a prop-pattern potential ("Great White").
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TECH-NOTE: The Case For A Higher Point-5:
1 - Note that such triangles can often post an overlap of Point-5 across its 1-3 line, so further rallying...
Looking at the AUD VS JPY we see price stalling at support @ 95.151 as price has formed a doji candle stating indecision and stalling momentum. Look for a close above the doji candle to enter a long position. If price forms a lower close then we know we are wrong and we do not enter a trade. Keep in mind that a doji candle is not a reversal signal but rather...
