AUDJPY - 2 scenarios

6 Jun 2018

AUDJPY after 3 hours from now we will see the trade balances of australia

wich should have a major impact on this currency knowing that the JPY is the weakest currencie for today

Also AUDJPY facing 200 EMA and a strong resistance from the bearish flag

and 84.5 prooved to be a strong resistance as shown

For know we might see a small pull back

- If the reports came positive for AUD a break above 84.5 will drive this pair into the sky so A long position

is the best

- if reports came negative for AUD then the negative reports and the 84.5 will drive this pair down

Updates will be available