AUDJPY possible scenarios for downside continuation

2014년 7월 13일

The pair is trading sideways during the early Asian session and waiting for the price to be pushed upside or downside. The upper support would be a good resistance level before going to the downside. For a short term trading, The demand just formed last week would be a good quality level to buy with before the retest to the upside. Overall big picture trend or direction is to the downisde.