FX:AUDJPY   Australian Dollar/Japanese Yen
44 9 3
The recent plunge of the Aussie is no accident. It should continue to fall after it has been retraced now.
I am taking the nice profit now and the position from the market.
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ForceFollower motleifaul
Great! Good job! I also closed AUDJPY and NZDJPY with a nice chunk of profit. :)
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I am short now again.
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ForceFollower motleifaul
Very well. I'm still short. And I've also opened a short position in NZDJPY.
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I am taking the profit closing the position.
+2 Reply
ForceFollower motleifaul
Yeah, me to, I've taken partial profits at the prior minor low (86.1). But I still keep the rest of my short position open for a target of 85.15.
+2 Reply
motleifaul ForceFollower
I think that's wise. I am looking for a better new short entry at moment.
+2 Reply
ForceFollower motleifaul
A good idea. I think NZDJPY is going to continue lower. Kiwi got weaker and started to trend down against several currencies. So, as for NZDJPY, I know it's not very the best moment for an entry, but a target of 76.52 seems to be very likely to me.
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Yes, I agree. AUDJPY is known to immitate the behaviour of capital markets (it's been moving recently quite like DAX). As they persistently rise, so does this pair. But sooner or later I expect it to make another swing down. Provided we don't see new highs, my TP is @ 85.15.
+1 Reply
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