[tab: Asia Morning]
$AUDUSD continues moving down. Immediate target now is around 1.022ish.
$USDJPY
Target is at the potential retest of 8330 to 8350 level.
[tab: End of Tokyo session]
$USDJPY Update
$AUDUSD $USDJPY 04 April 2012
FX
$AUDUSD $USDJPY 03 April 2012
[tab: Asia Morning]
$AUDUSD is in the middle of nowhere before this afternoon’s rate announcement.
$USDJPY
[tab: End of Tokyo session]
The rate announcement (unchanged) brought $AUDUSD down to 1.035ish. If the breakout of the penant is to be trusted, the measured down move will bring us to around 1.02ish area.
There’s no too much changes in $USDJPY, the initial breakdown during Tokyo open was not followed through. Instead, price is creeping up the whole Asian session, we are now back to around Asia opening price.
$AUDUSD 02 April 2012
[tab: Asia morning]
Positive China data over the weekend lifted AUDUSD during Asia morning. I am looking at 1.05ish as immediate target. And , also, if you pay closer attention, a potential Bearish Gartley is forming around 1.05 as well. Let’s see how it goes.
$AUDUSD $USDJPY 29 March 2012
[tab: Asia Morning]
Looking at potential completion of ABCD at the lower channel line.
[tab: End of Tokyo session]
Check back later for chart update after close of Tokyo session
$AUDUSD $USDJPY 28 March 2012
[tab: Asia Morning]
Here is the hourly structure of $AUDUSD I am looking at. This is not necessary a shout of buy, but I do expect some reaction at this point after the selling during overnight U.S session.
Not so much about $USDJPY at the moment, it might be trapped between 83 to 8320. However, I am still eyeing target above 8350.
[tab: End of Tokyo session]
$AUDUSD $USDJPY 27 March 2012
[tab: Asia Morning]
Here is the hourly structure of $AUDUSD I am looking at for today’s trading. It is not difficult to see the confluence of ABCD completion, resistance level and channel on the chart.
Not much changes for $USDJPY during overnight U.S session. Still looking at potential test of 8315/8320 range.
[tab: End of Tokyo session]
$AUDUSD completed ABCD formation, and immediately reacted at the resistance level. Next immediate support is seen around 1.0485.
