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AUDUSD has bounced to first resistance at 7170/75

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 06 January 2016 USDJPY Spot USDJPY 118.95/90 & holding here has triggered a recovery to minor resistance at 119.12/15. Further gains today meet the main challenge for bulls at 119.40/45. The pair are oversold & in need of a recovery rally so if we can get through here we can target minor resistance at 119.65/69 then strong resistance at 119.85/90 for profit taking on all remaining longs. A good chance of a high for the day. Try shorts with stops above 120.10. Just be

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