AUDJPY potential to retrace
good R:R reversal trade if willing to hold
short term trade potential, best managed from a LTF for tight risk management
strong selling in AUD recently, looking for clear reversal PA to signal a retracement
- multiple target levels highlighted
JPY has seen a decent run recently after USDJPY rejected long term resistance with a fakeout - might see a shift in direction if equity markets revert back into the much loved bullish uptrend
short term trade potential, best managed from a LTF for tight risk management
strong selling in AUD recently, looking for clear reversal PA to signal a retracement
- multiple target levels highlighted
JPY has seen a decent run recently after USDJPY rejected long term resistance with a fakeout - might see a shift in direction if equity markets revert back into the much loved bullish uptrend
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