EvanJones

Nice rejection of upper channel

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
75 views
5
I might take this trade in a day or so if it continues to head south and close beyond the 200 EMA . A clear rejection of a nicely formed channel has emerged and we can expect some strength in the Yen in the coming days so this might be a nice trade with stops above the upper trendline channel. Target would be around 76 area which seems to be providing a nice support area
Comment: If we see a Trump win this morning (I hope not...) then I will enter as there will be some Yen strength in the coming days pulling this further South

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