AUD/JPY: First mover of the day, breaks short-term resistance
Short-term highs at 90.50 have been broken in AUD/JPY but I do not see this as an important level. The cross has been in sideways mode for a while now but if it can start re-establishing bases above 90.00 then that could be an important event.
AUD/USD resistance at .9250/60 is the more important level to watch with prior lows at .9325 just behind there.
Sean,
This morning, AUD/JPY looks interesting ?? Particularly near 90.00, we have broken a trendline (4H) ?? However, we are stick on AUD/USD between [.9150,.9250]. On USD/JPY, we have broken 98.30. Interesting backdrop ??
http://img35.imageshack.us/img35/1937/exkp.jpg
Very much so Papillon, best not to try picking the bottom though, wait and see if 9260 breaks AUDUSD and then start entering small I think is way to play it
Ok wait and see 😉