AUD,NZD/FXWW News/JPY crosses/Technical Analysis/Trade Ideas

AUD/JPY: Big level looming at 92.50

There is solid technical resistance at 92.50 in AUD/JPY (see chart) but a clean break above there could certainly change the short-term outlook and strengthen the case that an interim low was formed at 89.50.

The market is heavily short of the AUD, and feeling quite comfortable it seems, but is it comfortable being short AUD/JPY? I think we may find that out today.

  1. Hi Jack, I’ve never been a big break-player but if 92.50 breaks then I’d definitely be looking to buy dips. Maybe buy smalls on break with tight trailing stops just in case it takes off?

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