Australian Dollar weakening against the Japanese Yen as investors purchase their safe haven currency as Apple shares crash down.
(MM607 Essay, Figure 2)
Here we can see that EXY touches the 50% level and fluctuates around 38.2% as well. With Brexit vote looming around the direction of EXY will heavily be influenced the news and that shall determine how the trade proceeds. EXY is gaining strength on smaller timeframes so I will be looking for a Buy stop order.
