I am still bias for a long on this pair since it has hit my bottom price point. I also believe AUD is oversold and YEN is overbought, therefore it makes sense for both to resume to proper trade levels. I do not think central banks can keep playing this pretend game of keeping price where they want with only words and no action.
This was definitely not going to breakout without some crash good numbers for data or some fundemental change. I am sure most traders trading this pair have already seen the descending channel so our element of surprise is kinda gone (might not have had any to begin with lol).
This weeks data is very light other than the CPI we just had so maybe another week to just sit and observe.
But once this breaks...I will be bragging in chat about how I took losers pips.
#BankRobber
This was definitely not going to breakout without some crash good numbers for data or some fundemental change. I am sure most traders trading this pair have already seen the descending channel so our element of surprise is kinda gone (might not have had any to begin with lol).
This weeks data is very light other than the CPI we just had so maybe another week to just sit and observe.
But once this breaks...I will be bragging in chat about how I took losers pips.
#BankRobber