Is it just me, or we
actually have a new all-time record by AUD/JPY ? Look at RSI14, weekly chart.
This is as overbought as It gets. Soon we will see correction, but whoever “joins
the short side” is little bit crazy right now. Well, I tried it at 88.00, on
the trendline, but got stopped out on the next week. Who could expect such
crazy rally? After all this is the yen. Nothing special happens here. At least
that’s the way it used to be. Now I am looking forward for a correction. Wave 4
of the impulsive wave C to be exact. I am pretty sure many more are waiting for
the same. Let’s see how many of us are there:)
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