Posts Tagged ‘AUDJPY’

Yen Crosses Party

Thursday, February 4th, 2010

It’s interesting that from the currency pairs & crosses that I’m monitoring right now, the yen crosses are the ones with the most interesting market condition, including:

EURJPY, GBPJPY, NZDJPY, AUDJPY

These crosses are trading in a very clear bearish market condition, but that’s not all, the next LT support level is a few hundred pips away on all of them.

But one pair I don’t like right now is the USDJPY, not clear market condition, no consistent support & resistance lvls…

Weird isn’t it?

Be careful tomorrow with the NFP announcement

Trade Safe!
Raul Lopez

AUDJPY: Still in a bullish market condition, long in play

Wednesday, January 6th, 2010

Since the last time we analyzed the AUDJPY it was in a bullish market condition, and judging it in the weekly charts, it is still in a bearish market condition:

AUDJPY

AUDJPY

The AUDJPY right now it’s trading at 67.95 and the next LT resistance level is at 69.57 so we still have room to look for long opportunities.

My Trading Plan:

As long as the AUDJPY keeps trading above 67.08 I will be looking for long opportunities.

All short opportunities will be ignored.

Trade Safe!
Raul Lopez