AUDJPY is consolidating within a 30 pip range.
A Breakout is nearby. Only confusion is, which side it will break out. Up or Down ?
Tonight’s Japanese data may be a catalyst for this pair to cross the borders.
A close above the range will make my mind ready for a long trade with stop loss just below this range.
BIJOY
If your GBP/JPY trade plays out as you want it to this will probably break to the upside. Also keep a close eye on USD/JPY since it’s also somewhat on a range and looking for a breakout.
Hm… I too watching that 150 (almost) pips range of USDJPY in Daily chart. A Breakout is not so far !!!
Tons of AUD event risk:
930PM EST
Employment change
Unemployment rate
CNY Trade balance Thursday
Both Japanese and Chinese data were disappointing. Most probably the range may continue :38:
