… also watching AUD/JPY
AUD/JPY is presenting a possible short opportunity on the daily chart. After being in a bit of a range for several months, the pair hit a new high in mid-October, but has made a couple of lower highs and lower lows since then. We appear to have made the second lower high yesterday, so this may be a good time to jump into a short position. We've a got a little room to work with before the pair hits horizontal support around 76.00 (although we should proceed with caution as the pair aproaches 80.00, another area of support).
