The couple ends the week higher
I like the dragonfly doji as it is on the AUD / JPY chart this week.
This is a classic sign of insecurity and a potentially violent setback. The week started in Australia with foreclosures and widespread risk aversion, but ended with the S&P 500 at an all-time high.
The low tick is just under 80.00 and is now ready for another big week. I don’t completely rule out any other lower trip, but that would require surprisingly bad horned news or Fed’s mistake.
It is noteworthy that all the charts of the week crossing the yen are similarly intriguing.
CAD / JPY seeks to track the double bottom at the lowest of April:
GBP / JPY is similar, but also noted a number of old highs in 2018-2020 – a hint that it is comfortable in the higher range.