AUDJPY Sticks To The Support Pattern
February 3, 2013 in Chart Alert
There was some loss of momentum in the upward movement during the previous 2 weeks because of the psychological level of 95.00. Once the currency pair broke that psychological resistance, the upward momentum gathered pace again during last week. The way AUD/JPY is moving, it seems that the pair is set to test a much bigger psychological by hitting the century i.e. targeting 100.00.