Area of interest on AUDUSD A break, retest and bounce from that bearish trendline and a cross over the immediate zone could potentially see this pair continue further. personally, i'd wait for price to cross over the 0.75 area for a long, and below 0.74 for short. Will have to wait for the monthly close to get an idea of the direction this pair is headed.
Break
Sell after support break.There is a well defined support and resistance zone from 115.50 to 112.00.
The USDJPY printed a strong bearish candle with its close price well below that zone. So, a move towards the 108.00 is possible, however the pair may find some buying pressure/take profit around 110.00.
I entered this trade at 110.88, stop at 112.50, take profit at 108.50.
A close above the 112.00 will negate this view.