The Brief Daily Forecaster
Posted on 23 June 2009 by FX-forecaster
DAILY FORECAST FOR AUDJPY
Bias: While there is still risk of seeing 75.95-10 I feel the day should finish lower.
While the recovery wasn’t expected I feel we have probably seen the majority of the recovery. Thus from the 75.95-10 area I feel we should be looking for losses to push back below 75.28 to then trigger follow-through close to the 74.03 low. This should hold on first test. Next support is not until 73.04-29…)
Please view the complete analysis in the attached PDF file.
For a full description of how to use the analysis please see the Analysis page of my website. The prior day’s set ups for potential trading levels highlighted in the report are now available on the Daily Forecast page of my web site.
There are only a few more seats available for my seminar on price forecasting in Hong Kong on Saturday 27th June at the Excelsior Hotel in Causeway Bay. Please see http://www.earlthorn.com/ for details and to register your attendance.
Kind regards
Ian
