- YTD AUDJPY bull trend still intact
- Spot close to 200 DMA (94.5693) on global de-risking which started after FOMC minutes
- Has to do with very positive US Jobs data earlier tonight, believe Aussie shorts might go for cover (again) as happened in the recent days.
Put a bid at 94.57
SL at 93.80 (slightly below low of 8 Aug at 93.917)
TP at 95.78 (around area where 61.8% fib (95.73), today's high (95.826), and 100 DMA (95.8470) coincides)
- Spot close to 200 DMA (94.5693) on global de-risking which started after FOMC minutes
- Has to do with very positive US Jobs data earlier tonight, believe Aussie shorts might go for cover (again) as happened in the recent days.
Put a bid at 94.57
SL at 93.80 (slightly below low of 8 Aug at 93.917)
TP at 95.78 (around area where 61.8% fib (95.73), today's high (95.826), and 100 DMA (95.8470) coincides)