AUD/JPY
Australian dollar to Japanese yen decisively rebounded from resistance. Since longer period of time I mention about that possibility in my analysis, however this move was such dynamic, that opening a position was almost impossible. Now we see an Outside Bar pattern – but the RR ratio is too low (SL around 100pps and TP less than 200pps).
EUR/JPY
Another pair with Japanese yen and opposite situation. On Monday daily chart showed a resistance breakout and closure above. It gives a chance to look for purchase signals and moving to H4 chart we may see the Outside Bar.
I put buy limit order at 50% retracement of the pattern.
GBP/AUD
I wrote about possible Inside Bar breakout yesterday. The signal was successful and now we may consider long positions. However the local resistance is just above current price, but the uptrend is so strong that price should go further – targeting 2.29 (2009 resistance).
