alexkyp

AUDJPY potential BUY

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
USDJPY is currently consolidating while AUDUSD is forming a retracement pattern for a bullish run backed up with good expectations for tonights monetary policy .
We can wait for the pair to test the monthly trendline around 78.50 and enter for a BUY position!
The downward move is protected from both the 31&50 and 200 EMA