AlgoVenture

AUDJPY to Resume Downside

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY was held above 75 since the end of September but finally submerged below last week.

The market has pulled back to 75 and it faced rejection early in the Asia market together with an inside bar reversal pattern and a falling trendline.

Look to sell AUDJPY now with SL just above 75 or 75.3 for conservative traders. The primary target will be 72.90.

*AUD was the weakest and JPY was the strongest among other major peers last week.
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