It has been a while since we have posted a forex pair as this market has not been presenting long-term
opportunities but there does appear to be some positive moves taking place in some pairs including the AUDJPY.
Price is now trading above last year’s high at 79.79 following the trend that formed after price found
support at the 60.00 round number.
A neat linear trend appears to be forming, recently using the 20 simple moving average as support
which is what we want to see to determine a strong uptrend.
Do bear in mind that price does form deep pullbacks and if this occurs then it will just require patience
before the trend resumes but ideally price will continue to form small pullbacks along the way up.
We will continue to update the AUDJPY if the trend continues but our main focus is on stocks as there
is a plethora of trending opportunities being presented to us daily.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
opportunities but there does appear to be some positive moves taking place in some pairs including the AUDJPY.
Price is now trading above last year’s high at 79.79 following the trend that formed after price found
support at the 60.00 round number.
A neat linear trend appears to be forming, recently using the 20 simple moving average as support
which is what we want to see to determine a strong uptrend.
Do bear in mind that price does form deep pullbacks and if this occurs then it will just require patience
before the trend resumes but ideally price will continue to form small pullbacks along the way up.
We will continue to update the AUDJPY if the trend continues but our main focus is on stocks as there
is a plethora of trending opportunities being presented to us daily.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
