OBG

AUDJPY potential to retrace

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
good R:R reversal trade if willing to hold
short term trade potential, best managed from a LTF for tight risk management

strong selling in AUD recently, looking for clear reversal PA to signal a retracement
- multiple target levels highlighted

JPY has seen a decent run recently after USDJPY rejected long term resistance with a fakeout - might see a shift in direction if equity markets revert back into the much loved bullish uptrend


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