Trading Outlook – AUD/JPY

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Originally updated: 06:48

Status: Pending

Trading period: SHORT

Currency pair: AUD/JPY

Entry: 95.75-95.95

Take profit: 94.70

Stop: 96.40

Sentiment: Bearish

Market Focus: In today’s trade set up we will be focussing on selling opportunities on the AUD/JPY.

Fundamentals: The Yen rallied across the board as an increased demand for haven assets by investors was seen as Oil and Copper prices plunged to new lows and declines in global stock markets brought uncertainty to the global economic outlook for the year ahead. The AUD was heavily sold as Copper saw the lowest levels since 2009.

Technicals: After the large drive lower this morning, I am looking for selling opportunities on any decent rally, with a decent resistance area eyed out at 95.75 area.

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Source:: Trading Outlook – AUD/JPY

About the Author
Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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