SELL AUDJPY to 81

25 Nis 2016

Technically, we're at a major trendline, 200 ema, and key resistance area. We are also retesting a small broken counter trendline. Stocks are also starting to turn, which at the same time the YEN is starting to gain some strength from a fundamental and technical perspective. At the time I think we could see some what of a sell off in OIL, COPPER, etc, which will help drive down the AUD some more. This should be a great trade and it offers a great risk/reward.