Thursday, December 12, 2013

AUDJPY Daily Outlook 12th December, 2013 (Thursday)

AUDJPY Daily Outlook 12th December, 2013 (Thursday)


Daily Chart

  • Was a negative day showing a huge bear candle
  • The Stochastics divergence upward trendline seems to be breaking, 


Hourly Chart



  • Yen strength is continue to gain yesterday driving most yen crosses down
  • Two long bounce (high risk) trade possible

Outlook Trade opportunity

Our Trade recommendation yesterday gave us right now 140pips profit! was a huge winner.
For today, I would not trade as it is currengly sitting at minor support at 92.60
However if this fails the next support is 92.250,then 

Trade #1 i will place buy order at 92.250 small position for a bounce here for a 20pip profit

Trade #2 - if prices go to 91.790 - i will have buy order here as well for 30pip profit



Risk Level High

Tips -

Always take note of any economical news event on our provided calender below



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