FX_IDC:AUDJPY   Australian Dollar / Japanese Yen
I would open a small position here. Be mindful of the major Fibo. You may want to wait for it to break and then see the bounce into the Fibo...
On D1 chart AUD is neutral on 3 pairs, still barely negative on 3 pairs , positive on 1. That is +2 for AUD to fall further. AUD index is on multimonth lows as well. All this tells me - AUD can fall further down but potential is limited. The outlook for AUD is poor due to China-US talks, low Australian economy growth and a potential rate cut by RBA.

All in all - AUD down, yes but I would not give it 100 pip SL. A max 50 pip SL and Sell only if price breaks 75.3 support and confirms with next candle on H1 or H4.
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@Erland, As always great analysis mate. Thanks for sharing your thoughts. I agree
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yen is over reaching no ? :) --- a violent squeeze in order may be
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@ntabish12, It is mate. I see a fall in SPX to continue. Also check out Nikkei. Pulling off EMAs for both ... D1
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ntabish12 khansalarehsan
@khansalarehsan, yes sir, still this is too tasty squeeze to left alone :D ---if i had that kind of $$, i know i would surely do it ---but you are absolutely right about everything in line with SPX (which may rebound here) asia already down today so its lined up
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