AUD/USD
FROM HERE:stay long or buy on dips around 0.7850 to target 0.7960 as major level (50% Fib level)
BUT: aiming for 0.8000 is a hard stretch for now. Below 0.7822 will see it back to range trade 0.7700—0.7850
COMMENT: Most likely today’s trading session may end with another bull candle. Ie buy on open, sell on close.
USD/JPY
FROM HERE: sell on rally (if it rallies) around 119.41 to target 118.50 then 118.20
BUT: above 119.77 will trigger stops which may see 120.00
COMMENT: yesterday’s 46pip-range didn’t provide much opportunity. Let’s hope for 118.20—119.40 next 24hrs.
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