AUDJPY Daily Outlook for 11th December, 2013 (Wednesday)

Daily Chart

• Produced pin bar candle however, basically a range trading day doing the ranges from the previous day.
• Uptrend is limited for now as we are hitting the 61.8 retrace
• tricky one for me to trade at the moment, however, because of the 61.8% level, and most yen crosses are falling, i would risk a short trade

Hourly Chart

"In an area of mess"

This one is hard to trade , and i am more bias to the downside because the yen crosses are falling, and rejection from the 61.8 retrace.  

• Upside is limited with two barriers 61.8 retrace and 94 handle, 
• This is a chart where i see confusion

Outlook Trade opportunity

Risk Level High

Tips -