Sunday, April 15, 2012
AUD/JPY Weekly Technical Analysis, Trend Continuation for the AUD/JPY?
Here is my review on the AUD/JPY Forex pair for the coming trading week. The weekly charts are showing a pin-bar rejection candle that is sitting squarely on a very solid support/resistance price pivot zone. The four hour charts are showing a nice "head and shoulders" formation and it looks like the right shoulder is forming right now. I have outlined in the video some good entry and take profit zones.
Posted by Razor at 4:53 PM