AUDJPY rebounded from pivot level yesterday and still at trendline support in daily chart. Prices may continue to move higher and may test 70.00 level.
So, if we take a long here we can take profit around 69.000-70.000 levels with stop loss of 67.500.
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The fundamental factor causing the negative pressure on JPY and the industrial outputs are stumbling and BOJ are in the verge to cut the rates in coming months
this pair currently trading at 76.350 level and may retrace back towards 75.850
There we may open the buy orders and potential take profit will be 78.650. Its a 280 pips target.
Stop lose may placed...