Based on my technical analysis on USD/JPY I'm currently looking to go long. The market is in an overall up-trend for one. Secondly, I'm seeing somewhat of a divergence on the RSI which gave me a higher probability of going long. [
Based on the past two days we saw a sharp bullish movement on the USD/JPY. I believe that factors such as the ADP Nonfarm Employment Change (Jun), and the Pending Home Sales (MoM) (May) had a significant impact on prices. I'm currently looking to go short on the USD/JPY for reasons such as: 1. Tankan Large Manufacturers Index (Q2) - lower than the previous...
FX:AUDUSD based on my analysis on AUD.USD I'm identifying a potential selling opportunity due to the RSI divergence. It also seems to retest an area of resistance that may possibly result in a bearish move.