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Currency Crosses: AUDJPY Breaking Down - Is a Test of 85 Possible?

Discussion in 'Technical Analysis' started by ActionForex.com, Jan 23, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    We wrote last week that "the AUDJPY has indeed plummeted recently before rallying significantly off of support from the 11/26 low. At this point, remain bearish as long as price is below 98.35." The pair broke through the 11/26 low and there is no reason to fade this move yet....

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