AUDJPY lower
I think i like AUDJPY lower here.
Similar reasoning to my CADJPY post, JPY should get stronger on falling/ranging global yields and risk sentiment should continue to fall on global tightening policies. AUDJPY is a proxy to the S&P, i think we've had a decent enough rally in the S&P to allow for further downside.
AUDJPY sentiment and positioning was extremely high a coupe weeks ago so i think this continues to fall.
Not trading/investment advise, feedback welcome!
Similar reasoning to my CADJPY post, JPY should get stronger on falling/ranging global yields and risk sentiment should continue to fall on global tightening policies. AUDJPY is a proxy to the S&P, i think we've had a decent enough rally in the S&P to allow for further downside.
AUDJPY sentiment and positioning was extremely high a coupe weeks ago so i think this continues to fall.
Not trading/investment advise, feedback welcome!
Note
moving the stop to 91.991, think it makes sense to give this trade more room with recent risk on sentiment
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.