Initial targets set in AUDJPY and GBPJPY have been achieved but JPY and its crosses went south since then. USDJPY fell back to its channel. Unless it gets back above, we are looking for a deeper retest (double bottom or higher low). GBPJPY also fell back below its downtrend line and only EURJPY and AUDJPY are holding above. Levels to watch for a long are when EUR and AUD crosses re-test their respective broken downtrendlines.
Yesterday I mentioned long loonie on my twitter account ( @abror_aa ). That worked as well. It is just about to test the broken multi-day uptrendline. No need to wait for the pair to hit the uptrendline and better cash half of profits already. Rest realise on a touch (approx 1.0360) and reverse (sell short) with a stop at 1.0378/80 area.
I will post some more charts and trade ideas tonite.
Yesterday I mentioned long loonie on my twitter account ( @abror_aa ). That worked as well. It is just about to test the broken multi-day uptrendline. No need to wait for the pair to hit the uptrendline and better cash half of profits already. Rest realise on a touch (approx 1.0360) and reverse (sell short) with a stop at 1.0378/80 area.
I will post some more charts and trade ideas tonite.
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