Senin, 25 Maret 2013

AUD/JPY might be the next one to break lower

I’m back on a roll again in the crosses and my partial-profit target at 120.20 was hit last night in the EUR/JPY. I’m looking to sell any intraday rallies here and my targets remain at 117.50 and 112.00 on the downside.
AUD/JPY is still trading sideways in a 97.20/100.00 channel but if global risk aversion picks up then we could see a big sell-off in this pair? I favour selling any intraday rallies back towards 99.00 in expectation of a bearish break?

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