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Audjpydaily

AUD/JPY Long & Short Ideas If the price breaks the channel at 79.105 expect it to go down to "Support Level" at 78.943.It may continue going down, but the price could retrace off the "Support Level"and retrace off the previous channel.But if the price breaks the channel at 79.365 excpect price to continue on an uptrend,But the price could also retract off the channel and go back down to the "Support Level". I think the price will break the resistance level by the end of the day.
Long
by mrmyers3133
AUDJPY Preparing For a Trip Down UnderAUDJPY has been trading in this descending channel on the weekly and daily charts for some time now. This trade maps out some potential opportunities within the channel. Recently, market broke minor trend, and support level at 84.00. Target 1 above 80.00 level (a key mental number) which also coincides with recent and distant key support levels. A potential Target 2 above 77.58 which will be a key of major level. Target 3 in the low 75.00's which is a retest of major structure, and the beginning of retesting the bottom of the channel.
Short
by cheminacci