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Daily Forex Chart Art - Dec. 8, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    AUD/JPY: 4-hour Last one up for today is another retracement trade, this time on a pretty solid uptrend. AUD/JPY’s rally hit a snag around the 90.50 area and is now back down to the 89.50 levels. The bulls could be watching this area, as it’s near a previous resistance as well as the 61.8% Fib lines, a rising trend line, and the 100 SMA on the 4-hour time frame. Talk about a good bargain! Stop losses below the support lines could get you some pips if you aim for the pair’s previous highs. Be

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