In view of the imminent weakening trend on
Aud from now (time for this posting), and the likely movement of
Risk Aversion on
Yen in the next few trading sessions ahead of
NFP release,, (Please refer to my last two postings relating to YEN Crosses,
U/J and GBP/J), I therefore reckon that this
AUD/YEN currency pair may yield many pips near term.
HI for AUD/YEN
Aud/ Jpy is testing the immediate support 78.48 ( 50% Fibo Retr) which is also near the top of the Ichimoku Cloud. Breaking this level may send it to the next support at 78.04(23.6% Fibo Retr), follows by recent Lows at 77.68, and 77.34 respectively
All indicators are confirming the bearish extreme for this currency pair.
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