AUD/JPY Short-Term Double Bottom and Convergence/Divergence?

٤ نوفمبر ٢٠١٣

We're still drifting upward from an earlier double bottom and in the short-term we may have just completed another. With solid Chinese and Aussie data, and no rate cut expected this week, now is a decent spot for a long with a stop somewhere below the big number. Target 95.000 or thereabout.