After the gap on earnings, been trading slightly sideways always finding buyers on at around 44 - 43.50
If the trade gets triggered, hold it for a few days and look to move stop up
AUDJPY broke short term resistance and tested the 88.40 region (.786 fib retrace for 2017).
I would wait for a break of this level then get in on long after a retest and failed attempt to break lower.
The price has been stuck between 107 and 117 for all of 2017 after a test of the 100 mark back in 2016. We should continue to see dollar strength over the next couple of years so how far could this go? It looks like a setup for the beginning of wave C on the Elliott wave pattern, maybe in 2018. I'd only jump in long once we break and retest the high of 126 from...
DXY has been dancing between a larger resistance and a short term support. Today's move tested the top side of the resistance but met plenty of buyers. Will it continue its dance between the lines? Those looking for some quick pips could try playing the range but keep your stops very tight.
