CHF/JPY and AUD/JPY on watch for me today.

CHF/JPY:

• If price pushes up to and ideally just above our uppermost rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.

• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.

• If there's any ambiguity then I will not place a trade on this pair.

AUD/JPY:

• If price impulses back up above our rayline, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag.

• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.

• If there's any ambiguity then I will not place a trade on this pair.