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AUD/JPY mid-term buyers gaining momentum

On the 4H AUD/JPY chart, the MACD has moved above zero denoting an uptrend.

Such a momentum indication, unseen for at least for more that a week, indicates that key price breaks are on the horizon. Likely, momentum traders who had been waiting for this technical signal will likely try to push AUD/JPY higher.

GBP/USD awaits UK PMI, trades around 1.5130

The GBP/USD witnessed a moderate recovery in Asian today after suffering losses for ten consecutive sessions.
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AUD/USD mid-term buyers gaining momentum

AUD/USD mid-term buyers gaining momentum
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