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.
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.
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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
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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