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Aud/Jpy is showing potential for a great move up to 102.5 next year
In my charts I will clarify where I expect it to be in February 2014
First, let's look at the monthly chart:
As we can see on the monthly chart the pair has broken out of a sideways range last year
that was confined by 61.8% Fibonacci retracement level - of the last large move in 2008 - to the upside
and is supported by a double bottom on the downside
It has already returned to test this breakout, and the 61.8% is now support fo…
In my charts I will clarify where I expect it to be in February 2014
First, let's look at the monthly chart:
As we can see on the monthly chart the pair has broken out of a sideways range last year
that was confined by 61.8% Fibonacci retracement level - of the last large move in 2008 - to the upside
and is supported by a double bottom on the downside
It has already returned to test this breakout, and the 61.8% is now support fo…