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Finchcliffe
Oct 8, 2023 6:54 PM

AUDJPY: Is this the start of the reversal? Short

Australian Dollar/Japanese YenFXCM

Description

We saw some JPY strength last week and I think we could be starting to see reversal, however my confirmation of this will be below 93 support.

Even though BoJ hasn't intervened yet, there was a lot of buying in the week which we saw against the USD, I still expect BoJ intervention soon.

Nice pinbar rejection on the 4HR from my resistance block.

Looking for a short here on LTF's, but with tight SL and will keep it following any move down.

Trade active

Gone higher than expected but in now
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