AUDJPY Long

With AUD rallying since last week (see AUDCHF Long idea), and JPY not ending its QE anytime soon (at least until 2019), riding the possible upward bounce for this pair with buy stop order near 85, with TP @88 (near weekly resistance) and SL near previous day's support @83.6.

portfolio-adviser.com/japan-2/

www.businessinsider....y-wage-growth-2018-3

www.businessinsider....ff-cohn-china-2018-3

Daily:

Weekly:

Confidence: C (because JPY is very sensitive to news esp geopolitical ones regarding USD, and any signs of JPY chosen as safe haven by investors again and seeing USD riskier will make this AUDJPY long idea not valid anymore)

Komentarz:

www.dailyfx.com...NZ-GDP-Due.html?DFXfeeds=f...

Anulowano zlecenie:

Price didn't hit the target buy stop and my view on AUD changed despite bullish sentiment on it in COT futures report, because of the recent trade war happening between US and China which has a negative impact on AUD as well despite being exempt from the tariff.