AUTOREFRESH 
AUD/JPY a juicy sell… after a bounce
By Adam Button || May 9, 2012 at 19:35 GMT
|| 4 comments || Add comment
AUD/JPY is the worst performer in today’s market — the pair traded below 80.00 for the first time since mid-January.
AUD/JPY has fallen below all the major moving averages and has retraced more than 61.8% of the rally since November. Aside from those classic sell signals, the RBA is cutting rates and global growth sentiment is moving in the wrong direction.
A fall to 77.00 or 75.00 appears likely but momentum indicators are oversold. Patient players will look to a bounce to the 82.00/30 to initiate shorts.
Patience .. HA! … challenge accepted!
Thanks for reminder.
Patience is something that counts 50% in this business ???
I have been trying to control my self like a kid next to a pack of candy bars!!! with a promise of more if I wait!!!!!!!!!!
It is also forming a falling wedge pattern
and 2 / 3 days of JPY buying and AUD selling is also asking me hold on for a retracement
Hi Adam, want to buy gbp/jpy!!!! from 127.35. take profit 133.00. what do you think it will be good trade or not? thanks.
Maybe to 130.00 but I don’t see it bouncing back to 133.00, but I’ve been wrong before.