Friday, November 16, 2012

AUD / JPY Update: Friday 16th November 2012 04:54hrs

AUD / JPY

Little has changed since my last post.

Price remains supported and at the top of yesterdays move up.

We still need the to break the resistance at 94.15, before make a final move to the target level of 94.95

Chart below:


There is no further AUD or JPY news out this week, so I am hoping the equity indices will help me out by making a move, dragging this position with it. I will use the averages to trail the stop loss higher.

The stop is now at 83.30. Locking in 1% profit

I will update again this evening or before if the next strategy trade is identified.

Regards

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