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Lucas: AUDJPY nears 4 month high
The AUDJPY currency pair continues to push higher as it reaches a four month trading high. Steve Lucas from 3c Analysis identified the bullish trend late last week when prices closed above the 100 & 200 day moving averages. The currency pair is poised to reach a new daily high for the fourth day in a row on Wednesday . Signals indicate the currency pair’s positive momentum has been present all week, and is expected to continue. Steve is looking to buy on a dip as well as modestly at the market open, targeting 93.80. His targets for the trade are: 94.49, 94.62, and 95.69. A stop can be placed at 93.62, which is Wednesday’s low. Read more about Steve’s weekly trade here: http://www.tradingfloor.com/posts/close-moving-averages-points-audjpy-signals-higher-264328733 Disclaimer Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com. Please read our notification on Non-independent investment research disclaimer
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