This week has been good overall, far good than the first week of October anyway. The market traded in a very consistent way overall, being rejected from important support and resistance levels, with good short term signals.
Next week it’ll be the same, we’ll have good opportunities although a few of them are trading at important level, so we need to wait for the market to either get rejected or break through those levels.
I think we’ll see one of the best opportunities for next week in the AUDJPY. Yesterday it broke through an important LT resistance level triggering a bullish market condition, it follow through today and it is expected to continue this way until it reaches the next LT resistance level, which is at 85.11:
Have a good weekend!
Tags: AUDJPY Analysis