Aud/Jpy Re-short - Settling in Early
Updated
Rallied up to retest a major level (Sept Swing High .. ~74.490) and coming back into this ceiling towards the end of Monday's Us Session. We have Australia RBA Governor Lowe speaking 15 minutes before London open, so something to watch out for, but Supply and Demand dictates there may be bears in this area, particuarly after a failed breakout during US Session as we are seeing here. This is the second failed attempt out of this ceiling as well, which gives it more confirmation.
Trade closed: stop reached
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