theforexportal
Short

AUD/JPY could be heading lower

FX:AUDJPY   Australian Dollar / Japanese Yen
43 views
2
43 0
AUDJPY has a top heavy and hanging look and looks to be easing back down to support at 85.60 area.
The 200sma on H4 lies 20 pips away from the current price and this looks a severe test for AUDJPY BULLS. Quite a lot of negative AUD sentiment around which will not help any LONG positions. Bit unclear at the moment this pair bit a drift under 85.15 would confirm the medium term SHORT bias.

Trade idea.
SELL under 85.15.
Look to SHORT at 86.52.
A break and hold above 86.52 may present a LONG opportunity
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out