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Staying Short AUD/JPY (Daily FX)

My picks: Staying Short AUD/JPY

Expertise: Fundamentals Combined With Technicals

Average Time Frame of Trades: 1 Day – 1 Week

As noted yesterday, I’m staying short AUD/JPY as solid resistance sits at 78.25/38 and risk aversion could remain a theme in the markets. I’m looking to the 6/23 low of 74.03 and the 50% fib of 66.84-80.46 at 73.68 as potential targets.

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Staying Short AUD/JPY (Daily FX)

This entry was posted on Friday, July 3rd, 2009 at 7:18 am and is filed under Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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