{"id":17565,"date":"2011-01-05T09:20:06","date_gmt":"2011-01-05T14:20:06","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17565"},"modified":"2011-01-05T09:20:06","modified_gmt":"2011-01-05T14:20:06","slug":"audjpy-poised-for-serious-bullish-movement","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/01\/05\/audjpy-poised-for-serious-bullish-movement\/","title":{"rendered":"AUD\/JPY Poised for Serious Bullish Movement"},"content":{"rendered":"<p><strong>By Dan Eduard<\/strong><\/p>\n<p>After tumbling close to 100 pips in yesterday\u2019s trading session, the  AUD\/JPY appears to be on the verge of an upward correction.  Currently  trading just above the 82.00 level, technical indicators are currently  showing that a bullish move is likely to occur in the next 24-hours.<\/p>\n<p>We will be looking at the daily chart  for the AUD\/JPY, provided by ForexYard.  The technical indicators being  examined are the Bollinger Bands, Williams Percent Range and Relative  Strength Index.<\/p>\n<p>1. As seen in our chart, the Bollinger Bands have begun to widen,  which is typically seen as a sign of an upcoming reversal.  Furthermore,  the price ticks are well below the lower band, indicating that the  reversal is likely to be upward.<\/p>\n<p>2. The Williams Percent Range is currently right around the -90  level.  Usually, anything below -80 is a sign that the instrument is in  oversold territory.  This appears to be the case at the moment, and is  another sign that a bullish move is on the horizon.<\/p>\n<p>3. The Relative Strength Index is currently well below the lower  support line, indicating that a reversal may occur in the near future.   Now may be a great time for forex traders to go long in their positions  at a great entry price.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/01\/tech-51.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/01\/tech-51.bmp\" alt=\"\" width=\"564\" height=\"581\" \/><\/a><\/p>\n<p><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                                                                                                                                                                                          may           not           be                                        suitable                 for                   all                                                              investors.                                  There                       is        a                                                                                                       possibility                                        that                                                   you                                could                                              sustain  a                    loss                              of           all                      of                           your                                                                                               investment           and                                                                              therefore           you                                                               should                  not                                              invest                                             money                   that                       you                                                            cannot                                           afford      to                                                    lose.              You                                                         should                       be                              aware                   of                                        all                          the                         risks                                                                              associated                              with                                      Foreign                                                      Exchange                                                              trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After tumbling close to 100 pips in yesterday\u2019s trading session, the AUD\/JPY appears to be on the verge of an upward correction. Currently trading just above the 82.00 level, technical indicators are currently showing that a bullish move is likely to occur in the next 24-hours.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-17565","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=17565"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17565\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}