Minutes of the Monetary Policy meeting of the Reserve Bank of Australia ( RBA) just being release , AUDJPY  continue its up trend from yesterday , the next big mover will be 2 days later Australia employment rate , the market forecast  5.8% . Tomorrow Japan GDP market forecast 0.1%  it is interesting to see the outcome where last quarter is in the Negative territory .

 

20160517  AUDJPY  day

Technically Daily is down trend and double bottom is forming  . For the Bear Daily 21 , Roll reversal area and Psychological level 81 is a potential selling area . For the Bulls  those long at double bottom from yesterday could consider adding position on any significant pullback.

 

20160517  AUDJPY  1H

 

About London market open when more liquidity present .  Happy and Safe trading.

 

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