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jonasopdahl
Aug 7, 2015 9:58 AM

AUDJPY Long then Short Long

Australian Dollar/Japanese YenFXCM

Description

I closed out my short position at breakeven after reassessing what I saw. I definitely think this will be a great short, but not yet. Aussie might be one of the better longs vs the US Dollar and that will push AUDJPY higher (I don't think USDJPY will fall as much as AUDUSD will go higher). I also believe US equities will eventually fall sharply. If AUDJPY will get up to the 94.-95.00 level I will short it.
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