AlkalineFX

AUDJPY - New Structure

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
Price has now broken out of the respected ascending trendline and reached our first level of interest, we now expect to see price continuing to the downside. If you are patient, you may see a pullback into the marked structure, this may be a great opportunity to get involved in a sell position.

64% are net short according to the IG Client Sentiment

62% are short according to our COT source.

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