AUDJPY

Trade of the week EURUSD Struggles to Push Higher A relatively calm week ahead data-wise as traders leave for a well-deserved Christmas on Wednesday. We would expect the euro to pull back for lack of a significant catalyst. Some… Read More

Further upside is expected although we prefer to set longs at our bespoke support levels at 79.63, resulting in improved risk/reward Read More

Looks to be forming a bearish Head and Shoulder pattern. This could also be seen as an AB=CD corrective sequence. There is cope for mild buying at the open, but gains should be limited. Bespoke resistance is seen close to 81.90 Read More

AUDJPY or AUD/JPY stands for the pair of currencies composed of the Australian Dollar and the Japanese Yen. Because neither is the US Dollar, this is is a cross pair. The value corresponds to how many Japanese Yen (the quote currency) are… Read More

Mixed trading for 9 days had produced a symmetrical tringle formation. This pattern has now been broken to the downside. Reverse trend line resistance is located at 81.88. Bespoke resistance at 81.95 Read More

Breaking the reverse Head and Shoulders to the upside. The formation has a measured move target of 82.90. With bespoke resistance located at 81.05, there is scope for a mild correction. We look to buy into dips. Read More