A positive outlook for the Aussie/Yen pair
The AUD/JPY continues to climb as expected in my prior analysis An uptrend in AUDJPY.
A r(0.946) linear regression that started in October suggests that the Aussie will continue to gain ground against the Japanese yen (green arrows). Note that stochastic analysis is just entered the 20-80 zone suggesting that the trend may be over if a series of lower-highs start to appear.
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"Letting losses run is the most serious mistake made by most investors." - William O’Neil
A r(0.946) linear regression that started in October suggests that the Aussie will continue to gain ground against the Japanese yen (green arrows). Note that stochastic analysis is just entered the 20-80 zone suggesting that the trend may be over if a series of lower-highs start to appear.
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"Letting losses run is the most serious mistake made by most investors." - William O’Neil