chongyinliang
Short

AUDJPY - Potential 100+ pips

FX:AUDJPY   Australian Dollar / Japanese Yen
Price seem to have formed a double top with rejections at a key area. Hence, I'm looking at shorting this pair in the coming week. As ECB conference nears, I'm predicting a strong bounce back from USD, a fall on Euro             and weaker commodity currencies (AUD, NZD and CAD). Target for this pair is at 87.40
Comment: Triple top formed and price rejected resistance area. Dropped a nice 100 pips
Comment: More potential downside on this pair. Daily timeframe view:
Comment: Price has been trading choppily on this pair but nonetheless target has been hit.
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