Thursday, May 24, 2012

AUD/JPY Weekly Technical Analysis - 24052012

 AUD/JPY  Few weeks of general bearishness dropped price  from 88 to 77.60.
Last three years this pais  trading in  range between [70,72] and [87.70,89.65] that is very clear to me.
The strong push down of last weeks put AUDJPY  near lower band of this range.
Continued bearish momentum suport can be found at 75.50  below74.10 and confluence area [70,72].
Click to zoom in.


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