colinsheen
Short

AUDJPY may drop impulsively soon.

FX:AUDJPY   Australian Dollar / Japanese Yen
31 0 1
Another pair that maybe affected by US election is the AUDJPY             , which is well known to respond wildly to risk sentiment. That is, AUDJPY             tend to rise when risk-on, or tend to drop when risk-off.

Looking at the daily chart , the price is still bound by a long term downward trend line (in red color), and is very close to the upper boundary, which leads me to think that a drop may come soon.

I'll be watching this pair next week to see if there's any short opportunity.
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