Monday, August 8, 2016

Forex Trend Reversal AUD/JPY 8-8-2016

Today in forex trading the AUD/JPY reversed course and could be starting a new uptrend on the D1 time frame. This pair has been cycling down for 9-10 days and has now reversed course off of support. Today there was a buy signal on the AUD/JPY on The Forex Heatmap®, see the trading signal below based on AUD strength. The price movement was significant and is also noted in the chart below. We see ongoing upside potential up to the 80.50 resistance area.

Forex Trend Reversal AUD/JPY

Forex Trend Reversal AUD/JPY
Forex Trend Reversal AUD/JPY