AUD,NZD/FXWW News/JPY crosses

AUD/JPY leading the way higher today

You know my views well by now on this pair, I’m bullish and I’m long and I’m being helped this morning by some quite heavy buying by professional leveraged accounts. I’m expecting this AUD buying to continue as the election date nears (the market is very short) and the technical set-up in USD/JPY looks quite bullish to me (although we may simply get some extended sideways trading).

AUD/JPY is itself looking technically constructive but needs to break cleanly above 90.10 to get us excited about a double-bottom (see chart).

  1. Nice job, Sean 🙂
    Have you booked partial profits yet?
    I have on my AUDCHF and EURAUD trades.
    Friday was a rollercoaster though, AUD looked like it was gonna test 8850 but luckily, it didn’t.

  2. Looking good Gus, but we’ve been here before 🙂 I sold on Friday but bought back this morning virtually at same level so pretty happy with myself. Interesting to see what Europe does but with holidays ending today, I think we are due for some big moves and I’m hoping that I’m on the right horse headed in the right direction 🙂

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