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AUD/JPY

Short
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
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OANDA:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators jpy jpyshort AUDJPY overbought rsi_divergence rsidivergence Forex forexsignals forextrading
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trendanalysis chartpattern indicator jpy jpyshort audjpy overbought rsi_divergence rsidivergence forex forexsignals forextrading
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Hey guys, we have had one of the biggest rallies in AUD/JPY ever 11 weeks of green. It is in major overbought territory on the RSI on the weekly and negative divergence on the daily with a bearish consolidation pattern and possibly a breakout to the downside which might confirm today. IF it does confirm I will enter a short position target first red line then lower to burn these over bought signals out.

pre good risk to reward options

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