AUDJPY H4: Expected a Resumption of the Down Trend
I expect a resumption of the down trend in AUDJPY. First a return to 84, next we'll see. For the last two weeks the AUD has been the weakest currency of the majors, while the JPY the strongest one. The recent correction was developing in lockstep with the equity markets, as AUDJPY often does. It's been a nice pullback presenting some shorting opportunities.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell. Rather, you should use the information only as a starting point for doing additional independent research, your own due diligence, in order to allow you to form your own opinion regarding trading decisions.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell. Rather, you should use the information only as a starting point for doing additional independent research, your own due diligence, in order to allow you to form your own opinion regarding trading decisions.
