AUDJPY Forecast and Trade setup for 25th March, 2014

• Bearish Cypher?
• Or could it go higher

Daily Chart

• Stochastics are in a very bullish momentum even though its over bought
• Descending trendline with two touches
• Broken Ascending Trendline which acted as resistance on two touches

Hourly Chart

• Potential three drive up, which completes at potential reversal zone (Cypher Pattern)
• Zone is also at 88.6 / 127.2 and Weekly R2 Pivot confluence

Outlook Trade opportunity

Risk Level Medium - Aussie strength is strong

Tips -