AUD/JPY Signal- November 9, 2012
Forex pairs in this Article »
AUD/JPY
By: DailyForex.com
Currency: AUD/JPY Description: Head & Shoulder as of wave iii strength just went below (v) followed by a broken trend line in expanded flat patter. I expect a further drop from this level down as a final (c) toward middle correction (b). Note general trend still in strength and further improvement on price still expected because we are within a leading diagonal pattern in progress on macro level. Recommendation: Short pair Stop Loss: 83.500 Target: 81.400
Currency: AUD/JPY Description: Head & Shoulder as of wave iii strength just went below (v) followed by a broken trend line in expanded flat patter. I expect a further drop from this level down as a final (c) toward middle correction (b). Note general trend still in strength and further improvement on price still expected because we are within a leading diagonal pattern in progress on macro level. Recommendation: Short pair Stop Loss: 83.500 Target: 81.400
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