USDJPY is currently at a strong support level. Will it bounce or break?
I'm inclined to take a sell trade, but I'm going to be very cautious with this idea.
Trend is strongly down recently, but the 108.50 line has held quite strongly over the past year. Every time price hit 108.50 in the past year, it shot back up to around 111.05 within a week. The same...
There could be an opportunity for a technical play on AUDUSD for the Monday, 22 Jan.
AUDUSD is approaching support level 0.7965 and has been moving across for a week. Could we finally be seeing AUD weakness?
No FX news on Monday though, so I'm not expecting wild moves.
- Overall trend is up, so this is countertrend.
- Could be affected by the US Gov...