AudUsd- Traders could play the range

For more than 2 months now, AudUsd is stuck in a range between 0.66 and 0.68.
Yesterday the pair reached the lower boundary of the range at 0.6603 and has started to reverse.
Traders could try to trade this range looking to buy AudUsd close to 0.66 and, with a tight stop and a target at 0.68 a more than 1:2 risk: reward could be achieved.

EurJpy- short term and medium term trading opportunities

A few days ago I’ve written that EurJpy could resume its up move.
Indeed, after the confirmation of 146.50 as strong support, the pair started to rise and reached 149.50.
At this moment bulls look tired and in need of a correction, and this could provide short-term traders the opportunity to trade on the sell side.
As long as 149.50 is intact there are high chances of a drop and the pair could dive 100+ pips.
On the other hand, for swing traders, this correction could be an opportunity to join the long term trend at a better price and target, as explained in my previous analysis, 151 recent high.

Silver could rise to 24.50

Like its bigger brother, Gold, Silver also dropped hard these days.
However, looking at price action this week we can see that the drop lacks much momentum and is drawing a falling wedge pattern on our short-term charts.
This could be an indication of a reversal and the 24.50 resistance zone could be the bulls’ target.
A new low would negate this scenario.