AUD/JPY: Feels ready for short squeeze

I know that picking bottoms is a dangerous occupation but I must say that AUD/JPY is starting to feel a bit oversold. Not sure how far it can run but buying dips now preferred in short term.

  1. Hi Sean…there was a huge ‘pin bar’ reversal type candle on the A/J 4hr chart.

    I would have expected price to test the key S/R 0.89 level though anyway.

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