Participant

I like the look of the AUD against JPY taking a change in direction after the breakout on the day chart on the up side of the Ichimoku cloud, ADX is gaining momentum but the Stochastic oscillator is beginning to cross the lagging line which may be indicating over bought. The 3 previous days show an upside down umbrella, surrounded by two candles that do not go passed the umbrella’s body.
A look at the weekly chart and we can see that it hasn’t managed to break the Ichimoku cloud on that one. My call on this one is a push down to 92.5450 area during the course of next week.

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