Tue, 03 Dec 2013 06:53:18 GMT
AUD/JPY 1H Chart: Channel Up
AUD/JPY has been vacillating between two upward sloping lines for the last 71 hour and is likely to prolong its trend in the foreseeable future. Market sentiment is strongly bullish, with 82.54% of traders betting on the appreciation of the pair. Meanwhile, technical indicators neither bolster nor gainsay the bullish outlook, sending mixed signals. To meet the traders' expectations, the