Monthly Archives: June 2018

AUDJPY Losing Streak Continues; Breaks Key Support Intraday

On Friday I published a rather extensive commentary on the AUDJPY. The idea was to watch for a breakout from the recent consolidation that has persisted over the last few months.

That consolidation, by the way, has carved a smaller ascending channel which has the look of a bear flag. If true, it …

Daily technical report 19/06/2018

Pivot (invalidation): 1.1595
Our preference
Long positions above 1.1595 with targets at 1.1645 & 1.1675 in extension.
Alternative scenario
Below 1.1595 look for further downside with 1.1560 & 1.1540 as targets.
The RSI is bullish and calls for further upside. Pivot (invalidation): 1.32…