Trend of the Day - AUD/JPY

Published July 30th, 2009 - 05:06 GMT
Al Bawaba
Al Bawaba

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Aussie Yen like the other Australian crosses are trending higher. The earlier bounce near a 38.2% Fibonacci level is a sign of an aggressive bullish trend. Move to a lower time frame like a 4-hour to find better risk to reward entries.