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USD/JPY, AUD/NZD And Bitcoin All Aim South

Published 01/10/2018, 05:17 AM
Updated 05/14/2017, 06:45 AM


Tapering of the bond buying program from the BoJ triggered a sell off on the USD/JPY. Currently the price is breaking the long-term up trendline and a crucial support on the 112. The first potential target for this drop is the 111 support (lows from November).


AUD/NZD is going down as expected. We are currently aiming the neckline of the head and shoulders formation. Breakout here can trigger a long-term sell signal on this instrument with a potential reward of 500 pips.


Bitcoin is breaking the mid-term up trendline, which can be a short-term killer for this crypto. In case that we will close a day below this support, the next potential target will be the area around 11k (lows from November).

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