fuse-forex
Short

AUDJPY squarely bearish, but also very extended...

FX:AUDJPY   Australian Dollar/Japanese Yen
36 0 10
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice.

After passing through the 84.00 barrier, the AUDJPY             has now crossed all major exponential moving averages that are typically eyed by the market on both the D/W/M timeframes. Fueled by Australian data yesterday, this pair has become very bearish but also somewhat over extended on shorter time frames. We are short this pair lookinng for a move into 82.00 but can scale into it safely if it rebounds higher. The JPY is a currency that traders should be careful with as intervention is not out of the cards. Overall, topside barrier at 84.00 is roughly the line in the sand for those who are short.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out