Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.
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On Monday (December 28th) AUD/JPY long positions should be opened above the hourly 55-period Exponential Moving Average (87.47) with targets set in proximity to December 22nd high of 87.80 and stops placed just below the hourly 100-period EMA (87.30-87.40 area). Short positions, on the other hand, could be opened below the low from December 23rd (87.08) with targets set in proximity to December 21st low of 86.61 and stops placed close to the hourly 100-period EMA (87.30-87.40 area).
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