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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AHMEDMESBAH
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.