AUD/JPY Warning
AUD/JPY Warning
A possible setup on the AUD/JPY just popped on my radar:
They kind of look cute together but I don’t think it’ll be a happy ending:
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Not looking so peach here, no sirree! That sell net-line was just hit and we also dropped through the 25-hour SMA. On the daily we may be failing the 100-day SMA which would mean we dive toward 77 or lower. Of course this may bode very badly for equities. If you are delta positive then watch that AUD/JPY like a hawk overnight – it may also serve as a good instrument to hedge yourself against any further downside transgressions on the equity front. Or play the spoos – but there may be less volume after hours – you have been warned.
Cheers,
Mole
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