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Thomson Reuters
May 06 - 08:36 PM
AUD/JPY - Horizontal Daily Cloud Base Remains A Magnet
First appeared on eFXplus on May 06 - 06:50 PM
  • Soft opening gap filled, as market awaits Tokyo's return from Golden Week
  • Familiar levels, price continues to gravitate around cloud base today 82.00
  • Horizontal cloud base, which begins to rise on Thursday & may support
  • USD trends higher, but pace has stalled, which may open the door for risk
  • Bearish Tenkan/Kijun line cross last week weighs, but cloud base dominates
  • 82.00 cloud base & Friday's 82.44 Asian high initial support/resistance

auj may 7 Click here

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