JPY & AUD - Market Barometer Update

OANDA:EURUSD   Euro / US-Dollar
37 2
Hi guys, we got those big moves that we expected yesterday/today. Now things are being to over extend and we should be able to fade some of these moves.

The JPY is extremely over sold and in need of a consolidation. I would expect one more push from the JPY before a turn, but a turn is coming.

The AUD is very strong and if we get another push up, we should see a turn from the AUD as well. Keep an eye on JPY and AUD pairs for a consolidation during the next couple of trading sessions. I am currently short the AUDJPY @ 86.523. I may add to this position if it pushes up, but I'll keep a tight stop on the trade.

This is not investment advice, just my opinion(s). Please trade accordingly.

Trade safe and keep an eye on news.
Kommentar: 4xglobal users: here is a detailed walk-thru on the AUDJPY trade
Kommentar: All of the currencies are gathered between the 40-60 levels. We should see some nice moves during the EURO session.

I think these reports are awesome I hope you keep this up. I would buy a subscription if i could. but currently at a loss atm. Again just wanna express my appreciation for these reports my friend thank you. they seem to be about the only indicator i trust anymore
riffster21 steveb4088
@steveb4088, thanks for the kind words.
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