Wednesday, August 27, 2014

AUD/JPY Candlesticks and Ichimoku Analysis

Despite early anticipated fall to 93.95, the subsequent stronger-than-expected rebound (a hammer bullish candlestick pattern was formed on the daily chart) together with the breach of previous resistance at 96.50 signal recent upmove from 86.45 has resumed and further gain towards 98.15-20 (61.8% Fibonacci retracement of 105.40-86.45) cannot



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