With the BOJ decision to maintian the current Yen interest rate, the rebound of the Aussie could continue to 89.300 before a bearish retreat to 84.400. At the moment the bears still hold the market under the 50 day MA on the daily.
The alternative to the upside would be a break above 89.500 for a bullish move to 89.800 conservatively, should the Aussie continue to strengthen. Manage your risk smartly.
The alternative to the upside would be a break above 89.500 for a bullish move to 89.800 conservatively, should the Aussie continue to strengthen. Manage your risk smartly.
So, AUDJPY did the Bullish price correction move and then shorted from 89.800 all the way down to 88.000. Price corrective trades are typically profitable when bullish and particularly when prices are this low. Hope you caught the buy and the sell.😊 Would love to know if you did.