Thursday, August 21, 2014

AUD & JPY crosses risks lie to the upside breakout.

Buy AUDCAD 1.0180 Stops 1% for 1.0300
Buy AUDJPY   96.00 stops below 95.00 depending on your risk appetite as the pair heads to 99.50
Bullish USDJPY forecasts from my weekly model with initial target 104.70/105.00 and depending on the monthly close in August potential for 107. i.e if Monthly close in August > 105 then very good potential for 107.

I am relatively bullish AUD and bearish JPY hence AUD/JPY does the job for me.




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