Mihai_Iacob

AudJpy- New leg down after confirmation?

Short
OANDA:AUDJPY   Australian Dollar / Japanese Yen
AudJpy has broken the confluence support yesterday and dropped to a local low around 79.50 zone.
A correction followed and what, at this point, could be a confirmation for this break.
I expect a new leg down from this pair and I maintain my bearish outlook and 77 target as long as the pair is under 81

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