Jamal92

Buying Position - AUDJPY

Long
Jamal92 Updated   
FX_IDC:AUDJPY   Australian Dollar / Japanese Yen
With a hammer candle being already formed in the daily and closing on top of the trend line with the RSI stating that this pair is oversold. I am highly confident of this pair being a buy and will hold unto this position till around the 85/86 levels.

P:S Fundamentals is also saying that there is a lucrative deal occurring for Australia in increasing there Iron ore output to countries like india which will strengthen the Australian currency.
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