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Tuesday, 18 June 2013

LONDON CLOSE - Roundup

The London session today did not give much clarity. Everything is still mixed up and there were few opportunities today for swing trading.

EURJPY engulfed up on the 4 hour chart and it was possible to make a few pips long as it traveled up to 128.06.

AUDJPY also engulfed up but so far has not really been able to break through the resistance around the GMT daily pivot.

AUDUSD has just engulfed up so it seems that taken together with AUDJPY that AUD is trying to turn long. As we are at significant lows and AUD has lately moved strongly, a long AUD trade could be on the cards.

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