AUD/JPY is overbought at this level, previous SR from the weekly chart is directly above and has been tagged twice. With weakened dollar and RBA decision tomorrow could see the dollar drop back down. The rising trend line may offer some support but could run down to the 87.6 level which is populated with previous pivot points at this price/
A limit buy at SR price could be the better option with tighter stop due as the RBA decision could be favorable
A limit buy at SR price could be the better option with tighter stop due as the RBA decision could be favorable
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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.