Monday, November 19, 2012

AUD / JPY Update: Monday 19th November 2012 04:45hrs

AUD / JPY:

Price has broken through the resistance level of 84.15.

Chart below:

 


I would hope to see price make its move to wards the 5% target of 84.95 within the next 24hours.

There is good news for this pair over the next 24hours.

News Below:

 



Lets hope the news provides continued weak JPY to drive the position to the target.

I have moved the stop to 83.80 locking in a minimum profit of 2%.

Chart below:

 

 
I will update again when the next strategy trade has been identified.
 
Have a great week!
 
Best Regards
 
 



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