I am still trading and watching the markets. However, I didn’t find anything interesting to post on the blog, that explains why the lack of post last week. However, you can always follow my tweets.
Anyway, I tweeted yesterday about going Long with AUDUSD and AUDJPY. I am still holding the positions. Here is the chart of AUDJPY. Do you see something interesting here? As usual, I love to go in to test the support zone. Let’s see.
What do you think?
I can see the strong support around 76.34. The long position would be a nice inside day play. But watch out the strong resistance around the 200-day ema (79.30)
There's a lot of crosses that have moved very quickly to long term support. If the eurozone can unf-ck themselves, we should see support hold
They won't, and if the will, it will take a long time. So I would advice to don't support hold.
Tim ~