TAS
Short

AUDJPY correction bearish view

FX:AUDJPY   Australian Dollar/Japanese Yen
243 4 16
AUDJPY             correction bearish view. It could still go to the red trendline but does not look so.
hi tas

this pair has breakout finally from its resistance as you shown on the chart above ,the rectangle. Your AUDUSD also shows price moving upwards , would it not bring this pair higher as well, i.e. break the red trendline and beyond? Just curious what makes you think it would not? Your thoughts please. thank you.
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TAS dchua1969
I trade 21 pairs so I have a feeling of what's strong and what's weak. JPY looks to be correcting and should resume it's strengh gaining. AUD is strong, I just feel JPY is stronger.
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been hoping for a play off the outer trendline lol, will have to see how we go this week could still be a good short though.
Reply
TAS wolfstreetswinger
Thanks wolf. I see jpy ending correction on several pairs, so it might drop this week. Had my order in since monday, still not triggered
+1 Reply
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