AUDJPY Has failed several times last couple of weeks to break through the 70 mark. As risk aversion kicks in including recent tensions between US and China. A risk off mode might be brought into the market. This can reflex in a big way into AUDJPY as AUD is 4th most expensive currency at the moment and kind of over bought considering the slow economy looming. Here is a short setup for the upcoming week with a ratio of 85% to 15% in favor of short over long.
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