AUDJPY

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

An AB=CD corrective formation would take the cross to 84.67. Bespoke resistance is located at 84.67. We have a 50% pullback level at 84.80 (from the 89.09-80.51 move). Selling in this zone offers ample risk/reward. Read More

There is no clear indication that the rally has come to an end. Bespoke resistance is located at 85.00, closer to the February Marabuzo. Read More

Battle of The Weakest Over the last three months, AUDJPY has appreciated considerably with price printing one-year highs above 87 in December as JPY weakness was amplified in the wake of the US election and FOMC rate hike. However, JPY… Read More

The Reserve Bank of Australia decided to keep the current policy unchanged in its meeting earlier today at 1.5% as widely expected, despite the fact that the Labour Market in Australia is showing clear signs of slowing down over the past… Read More

The first trading day of the week has no significant economic releases. The global markets are therefore expected to trade in a narrow range throughout the day after a long weekend in the US, and ahead of key economic releases this week.… Read More

The significant move in global markets at the end of last week was due to the latest developments in the US regarding Hillary Clinton's email investigation. The market is bracing for many economic releases and events this week, which are… Read More