USD/JPY May See 110.00, Over Coming Weeks; AUD/USD Top Measures to 0.8906

Australian Dollar, Forex, Yen

The most recent leg of the USDJPY breakout from mid-August has extended through the 2014 highs, pressing a six-year high in the pair now that the triangle breakout is under way. The ‘flag pole’ of the recent triangle/pennant measured from the breakout points to a move towards ¥110.00, as would a doubling of the range that governed price in 2014 until this week.

Click here to finish reading “USD/JPY May See 110.00, USD/CAD 1.1200 Over Coming Weeks” on DailyFX.com.

The recent downturn in AUDUSD finally piques our interest now that the range that has developed since the first week of April has been broken below $0.9205. While this looks like a weak head & shoulders topping pattern, the timing of the Stochastics and MACD issuing sell signals alongside the break in price gives greater confidence for a continue breakdown.

Click here to finish reading “AUD/USD Top Measures to 0.8906, EUR/JPY Revisits 138.05 Resistance” on DailyFX.com.

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