AUDJPY update and S&P line to watch

AUDJPY has made an interesting move today.

Today we have broke through the purple channel but pulled back slightly.  The ADX is technically bearish but a cross of the DI- below the DX+ might occur making this a buy signal.  The MACD also is still negative however it appears it may break through. 

A close of 10 min chart of the tag today.  Everything seems to be at a critical level about to make a move, just in time for...... QE2 Announcement!!! 2:15 pm, Nov 3. 

S&P

On the S&P we have been chopping sideways for 6-8 days.  Today we had a move that failed to break my turning point which was Monday Oct 15th.  It came extremely close.  I have my stops a bit above this high point and we will see what happens at 2:15 tomorrow. 

Last thing I want to mention is the Cyan line.  It dates back to Oct 27th.  If you continue into the future it makes it to the Monday Oct 25th high tomorrow close to the end of the day.  The red vertical line is where the Fed will make the QE2 announcement.  Pretty interesting to see the strength of breaks above or below that trend line. 

AUDJPY spike on Oct 31st

I was just looking at the Asian markets and noticed the AUDJPY pair.

long term Daily chart below

Short term daily below:

One major note on the chart above is that all moving averages have converged at the 80ish line.  20, 50 , 200.  So this level is key to have.  It is 8:23, and there was a spike that tagged these moving averages.

10 min chart below

8:20 pm EST on Sunday Oct 31st, this spike in the pair is pretty impressive.  Came up and tagged the trend line I drew last post.  This could be the last attempt before a breakdown below the trend line and all daily moving averages or it could be the first major attempt to get  back up to the recent highs.

QE2 announcement is on Wednesday, 2:15 pm. Bloomberg link