Today no major news from Bank of Japan ( BOJ ) and Reserve bank of Australia ( RBA ) , tomorrow  6 May , 2016  11:30 AEST  RBA Monetary Policy Statement will be release . Looking at AUDJPY 4 H  chart   79.50 area seems to be holding for now . Bear will be interested to sell at 4H 21 around 80.50 area  , If the up trend continue and make higher high on 4 H , The Bulls will be interested to long on the pull back.

 

20160505  AUDJPY 4H

 

Looking at 1 H   Pre London probably will be a good opportunity to Long for the Bulls  if a nice pull back appear in the next 4 to 6 hours . All technical analysis will happen only if the fundamental support , today is Pre NFP day the market probably is a technical day .

 

20160505  AUDJPY 1H

Happy and Safe trading

 

4 thoughts on “AUDJPY Double bottom forming on 4H ? ( 5 May , 2016 )”

  1. Kathrine says:

    Much appreciated Daniel. Really helpful

  2. Ryan Gandalf van Jaarsveld says:

    Cheers Dan. Dan do you provide analysis on any of the other Yen pairs? I enjoy your analysis and it would be great to see your thoughts on Gopher and Beast?

  3. Frederick f says:

    i see a double bottom but not sure i believe it,, i like a short at 80.50 down to 78 eventually.. thats my NON professional take on it..

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