Friday, August 12, 2011

AUD/JPY 4HR

Possible triangle pattern formation on this pair we might see a break either way. Fundamentals favour the Yen so far but volatility this week has been amazing.

Currently the cable trading at the 62-63 area from the early morning jump from 6160's. The Eur/Usd is also trading much higher at 4250 right now jumping from 4150. There is something to note since this jump has been big considering this is the end of the week. leaving any positions for the weekend is not adviced with this kind of volatility.

1 comment:

  1. Aud/jpy actually did break out on the higher side making a triple bar high of 80.75 moving back to the BRN 80.00 and is now moving higher. I would have taken the pull back from 80.00 with the bearish fakey but was in another trade that was making much more return.

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