AUD/JPY After Hours Update
AUD/JPY After Hours Update
Irrespective of both of my MMMRs suggesting further downside today it seems that the AUD/JPY is clawing itself up overnight:
The 60-min breached the 78.47 NLBL and after a retest appears to be heading higher. The hourly also got a NLBL at 78.53 – which was confirmation. We are currently (2:20am EST) trading near the 78.57 mark after slicing through that 5-min NLSL at 78.61 – keep an eye on that. The hourly NLSL at 78.35 still appears to be safe for now – if it happens to be breached it will most likely lead us lower. But unless that happens things are looking good for the longs.
UPDATE 3:02am EDT: New hourly NLSL at 78.44 now – good for the next five hours unless we get a new one. FYI, the old one at 78.35 also remains valid. Off to bed now for real.
Cheers,