Potential Short Term and Medium Term AUD/JPY Trades


The AUD/JPY is hitting the upper trend line in an upward moving daily channel, in the short term it may provide a nice reversal counter move which could be entered on the lower time frames the four hour or the hourly chart.

Below the daily chart there are some areas where price could move to provide a short term short trade, down to the daily support or even the opposite side of the daily channel in preparation for a reversal to the upside. Of course price may do none of these things and simply break through the upper trend line.

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