Our Forex Buy/Sell Trading Signals have identified AUDJPY to be trading in a range. Within the last hour our automated “range” system bought the pair at 82.17 with a trailing stop order placed at 81.212.
But should you place the trade?
Fundamentally the Reserve Bank of Australia will probably continue to cut rates while the Bank of Japan holds steady. Such logic would lead some to conclude that the Aussie is likely to continue a broad downward trend against the Yen.
See more Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis. For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.
