29 Jan AUD JPY Technical Update For W/C 31st January 2012
Following on from the more comprehensive AUD:JPY analysis detailed here, I just wanted to point out this triangle resistance that will probably initiate a pull back to retest the 61.8% Fibonacci level which currently meets with the falling Daily 200 MA. This encourages a short term selling opportunity (for approx 120 pips) after which we can undertake further evaluation of the likely next direction:
RS2OOO
Posted at 19:09h, 30 JanuaryThis trade played out beautifully today.