The EURJPY has recently burst out of the resistance area that price had been stalling at. Now price has broken out higher the best play in this market looks to be to trade long on any weakness, or rotations lower. Support comes in around 99.00. This was the area that price struggled to break …
AUDUSD Smashes Higher
The AUDUSD has moved substantially higher on the back of the Bullish Engulfing Bar setup we discussed in this blog live yesterday. To read that post please go HERE. Price has now erased 6 days of losses in this pair in the last two sessions. This highlights just how big the move higher has been in …
AUDUSD BUEB
The AUDUSD has formed a Bullish Engulfing Bar (BUEB) on the daily chart. This BUEB is against the short term trend, but has formed sitting on a solid support level. If price can break higher price may move into the next resistance. If however price moves lower we would look for the downtrend to …
