JPY showed a quick bout of bull strength on Monday and Tuesday of last week only to fall back down to the bottom of the wedge. That Tuesday bull bar could be the first sign of a reversal.
This week, we should be looking for another bounce off of the wedge to confirm a move to the upside. The first target is the 9EMA of the Monthly chart between 784.0 and 785.0,...
Hello guys,
Strong bearish engulfing pattern is in place after two previous attempts of AUD appreciation and close above 89. This move down was accompanied by a stochastic sell signal and reducing momentum both in the daily and monthly chart.
In my opinion, price will continue to trend lower despite the easing expectations which is associated with Abenomics....
