FxWirePro
Short

Short AUD/JPY for 76.50

FX:AUDJPY   Australian Dollar / Japanese Yen
237 0 10
The Japanese yen             remains strongly bid across the board amid risk-averse market conditions.

AUD little changed after Reserve Bank of Australia minutes failed to provide any indication of future interest rate moves.

AUD/JPY             has broken below major trendline support at 77.50 and hit 7-day low at 77.09.

Intraday bias lower. Technical indicators on daily charts support downside. Momentum studies are bearish .

50-DMA at 77.95 is stiff resistance on the upside, while 76.50 ( double bottom 2,3 Aug) is strong support on the downside.

Good to sell rallies around 77.25/35, SL: 77.80, TP: 77/ 76.50/ 76.35
Trade closed: target reached
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