AUDJPY Comment
For those that might be in this long - for some long time now - this might be the starting place for a move up that will take price past previous long entries. Note that the Robber Bank MMs took price to RWL,.....and it is only Tuesday! This too could be an indication of a reversal because the MMs are not usually in a hurry to exhaust the week range unless it is to get on with going higher.
And any such move up will likely be Aussie rooted, meaning AUDUSD will likely move up also. Anyway, this is what I see as more than just a slight possibility. And already today both pairs are rebounding strongly from whackings below key SR (where the Robber Banks prefer to accumulate longs).
For those that might be in this long - for some long time now - this might be the starting place for a move up that will take price past previous long entries. Note that the Robber Bank MMs took price to RWL,.....and it is only Tuesday! This too could be an indication of a reversal because the MMs are not usually in a hurry to exhaust the week range unless it is to get on with going higher.
And any such move up will likely be Aussie rooted, meaning AUDUSD will likely move up also. Anyway, this is what I see as more than just a slight possibility. And already today both pairs are rebounding strongly from whackings below key SR (where the Robber Banks prefer to accumulate longs).