We are in a very crucial area of this pair. Watch price action on top and go short. Watch the resistance on the first target area. If aggressive extend for 136.00 long term.
JPY is expected to get stronger, and GBP to drop.
Good luck everyone!
Nicholas.Antoniou
Based on patterns we can see a strong resistance on the 94 area. DXY may continue going lower until the bottom of the flag. Then look price action for reversal to the top. First target 94 area and if it is aggressive then extend to the second target 95.75 area. Be patient do not enter yet or with limits. First wait for the price action and the bullish signal....
1:3 Trade Idea. Expect AUD weak and strong JPY by the end of the week. Let's see.... Watch the price action and decide accordingly.
Trade on your own risk I am not your financial advisor.
Good Luck Everyone!
Nicholas.Antoniou
