KlendathuCap

Don't be fooled by AUDJPY breaking higher

FX:AUDJPY   Australian Dollar / Japanese Yen
42 0 2
Interesting momentum dynamics with a break above the 2015 down trendline all clearly bullish . I could see the cross get as high as 86 but much more likely this rally dies around the 84 range. I'm not looking to take a position merely observing the knock on effects of Chinese speculative bubbles that have inflated Australian commodity export prices.
Trade closed: stop reached: rising interest rates everywhere but Japan may spark a massive helicopter drop from the BOJ. It'stime to go the other way and SHORT yen long dollar!
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