Friday, November 16, 2012

AUD / JPY Update: Friday 16th November 2012 20:22hrs

AUD / JPY

Price remains supported and is banging its head on the resistance level I have spoken about previously (84.15)

Chart below:

 


I have moved the stop loss to 83.57 locking in 1.4%

I will hold the position over the weekend in the hope that the resistance level is broken and the 5% target is hit next week.

Hope you all have a great weekend.

Best Regards


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