AUD - BULLISH
1️⃣ The positive risk tone supported the antipodean AUD.
JPY - BEARISH
1️⃣ Rising US yields weighing on the JPY.
2️⃣ Risk-on tone pressured the safe-haven JPY.
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Technical
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We are looking to buy the AUDJPY at RBS + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.