Update on AUDJPY: Mar 19, 2015

Long-term trend looking pretty solid…

2015-03-19-AUDJPY wkly 1754…but, the bounce is running into resistance from the falling purple channel midline and the rising white channel’s .146 (shown in red.)

2015-03-19-AUDJPY daily 1754Downside targets favor the purple .786 Fib at 90.39, while the upside opens up above the purple midline and, of course, 94.18.

 

Comments

Update on AUDJPY: Mar 19, 2015 — 1 Comment

  1. The algos are loving the IWM which at the moment are leading would like to see the IWM lead on the way down which seems to be the way major downturns begin am I wrong?