AUDJPY SHORT IN PROFIT

The short we initiated is still in profit currently. Price is still trading in a range since the start of the year so it might take a little longer for it to break, but be ready when it does.

When we see the US stock markets move down we tend to see JPY gain strength. With my current analysis leading to an overbought US stock market or at least a "catching it's breath moment" I can see AUDJPY decreasing in price.