The AUDJPY edged higher Friday, breaking above triangle resistance (on the daily chart) and ending nearly 4 weeks of profittaking. A green weekly candle this week following last week's green weekly Hammer would greatly reinforce the bullish reversal attempt underway. Although there'll be some volatility at 930pm EST on the release of the RBA's monetary policy meeting minutes, any pullback will be relatively modest given the weekly and daily RSI, Stochastics and MACD are bottomish or rallying. I am long the AUDJPY today at 82.60, targeting the red zone for mid week. The amber/yellow zone is where I might place a stop ... (full story)