My AUD/JPY did in fact go up, as I had anticipated, but not by much...
The good news is that a new trend may be forming (the potential reversal) I wrote about earlier. If this keeps up, the trend line I have drawn at the bottom right hand of the chart could support further advances. The bad news is that I have two trend lines that could be areas that short money could attract (selling AUD/JPY) ~ The nearest to current price could cap advances near 81, which would still be a good trade, but the next would cap somewhere above 82, which would be an excellent trade.
The good news is that a new trend may be forming (the potential reversal) I wrote about earlier. If this keeps up, the trend line I have drawn at the bottom right hand of the chart could support further advances. The bad news is that I have two trend lines that could be areas that short money could attract (selling AUD/JPY) ~ The nearest to current price could cap advances near 81, which would still be a good trade, but the next would cap somewhere above 82, which would be an excellent trade.
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