Entry Price: 78.82
Current Price: 78.82
Description of Chart:
I have been short AUDJPY for a while however I still think there is huge downside potential still, regardlessof how much it has declined recently. I am waiting for a touch of 74.48 to re-evaluate. But even at that price I am looking for a break below and more downside. This could be a play over the next few months, as it was when I made 2250 pips/points in GBPJPY earlier this year. We have bounced off of some major resistance on the weekly and , there has been a continuation down and we are knocking on the door of the most recent lows. Keep an eye out for the indexes on this too as we might see a further sell off in there, spx500 , us30 , nas100 , uk100 , jpn225 .
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