As I posted the other week about a potential AUDJPY trade, it's now happened.
The next step for this pair from my analysis shows that it's hit a key level of resistance and needs to come down before re-testing. The news about NK has weakened the Yen and further uncertainty is expected. The dollar is also pulling back which normally indicates the Yen is going to weaken.
As you can see from the Chart I've put notes so it's easy to understand and gives you a rough idea on what to expect.
SL @ your own risk
Any questions/comments please do!
The next step for this pair from my analysis shows that it's hit a key level of resistance and needs to come down before re-testing. The news about NK has weakened the Yen and further uncertainty is expected. The dollar is also pulling back which normally indicates the Yen is going to weaken.
As you can see from the Chart I've put notes so it's easy to understand and gives you a rough idea on what to expect.
SL @ your own risk
Any questions/comments please do!
