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michael6malone

I am going short to 76.32 with a stop at 76.99.

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
michael6malone Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
2
0
2016Sep12 I am going short to 76.32 with a stop at 76.99.

The price reached the 38.20% fib retracement level.
There is a strong downward trend.
The RSI is still dropping.
The target takes me to a support level that started forming on July 6th.
Comment:
Well that was disappointing. It would appear the Brainard speech had quite an effect on the pair.
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