iskald

AUDJPY Possible 87.400 target

Long
iskald Mis à jour   
FX:AUDJPY   Dollar australien/Yen japonais
AUDJPY seem to be completing a harmonic pattern. This is clearly not my field, but it's a good information for a short possibility. There is still some upside potential but it doesn't have to reach 87.400, 87.000 could also be a point of reversal.

The 50MA has crossed over 200MA to the upside which can indicate a upside potential. The bulls is showing strong momentum by the long green candles to the top side. The friday close wasn't that strong as showing a lot wicks, both to the top and bottom side. Could this show that the momentum is slowing down, create a pullback then continue up?

The high impact news for the coming week:
On AUD it's the Reserve Bank of Australia 's Cash Rate Target decision on Tuesday 4th of July

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