AUDJPY has for the last 3 weeks been capped at the 78 level. No real surprises here because it also is where a long term trend-line hits. This trend line goes back to 2014. If stocks sell off / a risk off environment this pair should also sell off. So far the move is driven by last weeks Stronger moves in JPY Pairs. I’m playing this one by selling off any bounces into the long term trend-line. After all it’s been working for 3 weeks now So why not 4?
All the best my trading friends.
All the best my trading friends.
Comment:
