AUDJPY - Short Idea
Although investors are moving their money away from the safe haven as it is losing ground, I believe it is just stalling. The Yen is performing well against most currencies still.
As for the Aussie lets not forget how bad the ore's have been getting hammered in China. I'm still biased short on Aussie even though the price of ore falling has calmed down and the Aussie has gotten some reprieve.
Entering a short at the 61.8% retrace of the last major move down, reversal here will indicate we are on continuing the downtrend overall.
As for the Aussie lets not forget how bad the ore's have been getting hammered in China. I'm still biased short on Aussie even though the price of ore falling has calmed down and the Aussie has gotten some reprieve.
Entering a short at the 61.8% retrace of the last major move down, reversal here will indicate we are on continuing the downtrend overall.
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