USD/JPY: Small Bull Triangle; AUD/USD: Bull Hammer Candle

USD/JPY’s 7 month triangle breakout is now followed by a 2014 breakout and this is all unfolding as an impulsive Elliott wave rally, notes Nomura. “From a momentum perspective, there is no divergence and it is less common to see prices meaningfully top without a negative RSI divergence. Finally…

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USD/JPY: Small Bull Triangle; AUD/USD: Bull Hammer Candle – Nomura

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