Thursday, April 29, 2010

4/29 Forex: AUD/JPY

The Australian dollar-Japanese yen currency pair (AUD/JPY) is showing bull on Person's Proprietary Signal.

A pull back to ¥86.70 and then a bounce will trigger entry. Upside reversal is at ¥90.22.

The pps phase marker must persist until the end of the day to be valid.

Today's price action can be interpreted as a bounce off of the moving average, and a push to a higher high would confirm that treatment.

This will be covered in the Watchlist in the pps "awaiting confirmation" section.

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