AUD/USD: Bullish- Bound at 0.7750.Post Yellen speech,the break above the recent high of 0.7680 signifies AUD strength going forward.In order to maintain the current momentum, any pull-back should be limited and a break below 0.7550 would nullify the bullish expectation and close below 0.7550 may signify trend reversal.
EUR/USD: Upside potential or Neutral.EUR/USD pair has increasing upside risk post Yellen speech but it is yet to become certain if EUR/USD can break convincingly above the 1.1375 level,which would invite second round of buying momentum.Till that happens,big bulls will stay in sidelines.Price at 1.1225 is critical level to watch in the next few days. 1.1260 is a support going down.
USD/JPY: Neutral: In 200 pips range of 111.50-113.50 USD/JPY price action remains choppy at 111.50/113.50 range and traders should be advised to stay in the sidelines.
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