Hi All,
please take a look at the pics..
AUDUSD..Interesting Sell AT 0.7870
AUDJPY..Interesting BUY AT 92.90.......
......SO,what is the conclusion for USDJPY? 92.90/0.7870 = 118.05 Interesting buy area...
..And what does the projection says for USDJPY? It says 118.55 Interesting buy area..but the magenta line is still far away and the extrapolation is too early,so,analyzing audusd,and audjpy helps us in getting additional info about potential reversal range..will probably be in the 118.00/50 area..Probably
Simba