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AUD/JPY After Hours Update
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AUD/JPY After Hours Update

AUD/JPY After Hours Update

by The MoleDecember 13, 2011

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,

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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