Following on from my analysis on the S&P500 and NK225, how are the Yen pairs going to perform as we head into the end of the month? Below are the scenarios for bulls and bears while taking March pivots into consideration.

AUDJPY Daily

A possible double bottom forming though not confirmed yet by a higher high. 85.000 is resistance and 86.000 higher up.

AUDJPY H4

If you are a bear then you are selling at WPP with a target of WS2. If you are a bull then you are waiting for a break above 84.000 with a plan to buy the pullback and a target of WM4/ 85.000.

Leave a Reply