FXCM

Staying Short AUD/JPY

Friday July 3, 03:18 PM

My picks: Staying Short AUD/JPY
Expertise: Fundamentals Combined With Technicals
Average Time Frame of Trades: 1 Day - 1 Week

As noted yesterday, I'm staying short AUD/JPY as solid resistance sits at 78.25/38 and risk aversion could remain a theme in the markets. I'm looking to the 6/23 low of 74.03 and the 50% fib of 66.84-80.46 at 73.68 as potential targets.

Source:Terri Belkas, Currency Strategist strategist@dailyfx.com

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