AUDJPY: Testing the 1D MA50, approximating the perfect short
AUDJPY continues to trade inside a Channel Down, testing today the 1D MA50 after a continuous 1 month counter trend rise. For the time being this is rise similar to the one that was completed on February 14th and made the latest Lower High on the Channe Down. The ideal short entry is between R1 and the 1D MA200. We set a long term target on AUDJPY on the bottom dotted trendline (TP = 85.000).
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