AUDJPY Break below dead zone to lower buy zone.

Australian Dollar / Japanese Yen (OANDA:AUDJPY)

Updated

OANDA:AUDJPY Australian Dollar / Japanese Yen

Let see what happens. Either way don't see a trade until it breaks out of this area.

Comment:

New idea posted due to new accumulation of orders at 93.116 area. Looking for a bullish entry above 93.202 into descending trendline and maybe a pause. JPY is weaking against all other currencies. It just so happens that AUD has been weak near term. I think this does not last long. the JPY issues are more long term and heavily pronounced in the FX world so I think this can make a massive run if it breaks that trend line.

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