FXWW News/JPY crosses/Trade Ideas

AUD/JPY: Taking small long position with stop below 86.10

  • Solid technical support at 86.25/40;
  • Lot of buyers suddenly appearing in AUD/USD near .8900;
  • USD/JPY still in wedge consolidation but topside danger IMHO.

I’ve taken a small long position here just below 87.00. I got stopped out of my AUD/USD earlier at .8908 but it feels like its the bottom. I might be wrong again, so I’m keeping stops fairly tight by my normal standards.

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