Hello guys, welcome to yet another trading week full of awesome opportunities. This is my trade mark up of the AUD/JPY currency pair. My directional bias is BUY. Hope you guys will agree with me. On the fundamental side though, AUD may be struggling due to the country's (Australia) trade relationship with China whose economy is currently going through a difficult time. That said, the technical perspective is in Aussie's favour so it looks.
Comment:
Pls take note, this is not a trade signal yet. I'm still observing the market and don't take any trade on this until the coast is clear with added confluences.