LONG NOW, 1ST TP 83.9, 2ND TP EVEN HIGHER
DOVISH statement by BOJ and ECB, Cause the asset price jump up. While, the carry trade could possibly continue, the AUD could jump back to upppter trend with the asset price, BOJ as I said few days ago, they can't let the JPY to appreciate further. This will hurt the export company and bring down the headline inflation.
With the fibonacci fan speed resistant line, we would see the longer term up trend. 0.5 could be the ultimate support line of the upper trend. Watch closely. The profit room is unlimited. the SL is set back to the middle of the trading range.
With the fibonacci fan speed resistant line, we would see the longer term up trend. 0.5 could be the ultimate support line of the upper trend. Watch closely. The profit room is unlimited. the SL is set back to the middle of the trading range.
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