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TempyRT
Oct 16, 2017 12:41 AM

AUD/JPY Overbought and SR level combining for potential short  Short

AUSTRALIAN DOLLAR / JAPANESE YENICE

Description

AUD/JPY is overbought at this level, previous SR from the weekly chart is directly above and has been tagged twice. With weakened dollar and RBA decision tomorrow could see the dollar drop back down. The rising trend line may offer some support but could run down to the 87.6 level which is populated with previous pivot points at this price/
A limit buy at SR price could be the better option with tighter stop due as the RBA decision could be favorable
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