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Australian Dollar / Japanese Yen
Short

AUDJPY short the risk aversion | 22 April 2020

By FXCM
Broker
Updated
AUJPY is on a bearish trend in the long term and we take it as a strong representative of risk sentiment ( can refer to its strong correlation with SPX which we showed in the video). We are shorting it from a key resistance level and we are waiting for a further push up to that level.

Entry: 70.32
SL: 72.84
TP: 64.24
Note
price moved closer to our entry! we need a bit more push up to trigger the trade!
audAUDJPYChart PatternsforexsignalsHarmonic PatternsjpyTrend Analysis
FXCM
Broker
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