Wed, 20 Nov 2013 13:38:04 GMT
AUD/JPY 1H Chart: Channel Up
Because a week ago AUD/JPY found a strong support at 92.31, the currency pair has managed to form an almost 150-bar long channel up pattern on an hourly chart—even the 200-hour SMA has proved to be unable to stop the advancement, only to delay it for a brief moment.Right now AUD/JPY is undergoing a bearish correction, following a confirmation of