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FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption

FxWirePro- Woodies Pivot(Major)

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AUD/CNH’s Fibo failure leaves a neutral setup

Friday, February 27, 2015 3:01 AM UTC

Setup implies range trading since mid February can continue
80pt fall in Asia extending yesterday's AUD led 0.93% fall
Dip leaves momentum studies, 5, 10 & 20 dma's conflicting
4.8784 20 dma & this week's 4.8551 low initial support
Earlier 4.9052 high then yesterday's 4.9561 high resistance

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AUD/CNH’s Fibo failure leaves a neutral setup

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