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gdf_fx
Sep 18, 2016 6:58 PM

AUDJPY near extreme lows? sell bounces and play the range Short

Australian Dollar/Japanese YenFXCM

Description

While I want to be buying YEN this pair is very over exposed to the downside.

Very little volume of orders below the 76.2 support so a bounce here up to the resistance is my anticipated play on this. in keeping with the long established down trend i will look for sells off of a rejection of the resistance.

below the range support would be my second short target S1 - 74.571

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