AUD/JPY: Trading in horizontal trend channel, just sell

July 24 , 2018

 

From the daily outlook of technical chart we can see that pair is trading in horizontal channel or we can see the range bound territory. Well these types of channel are very profitable opportunity as pair trades in a predictable way. Buy at support line and sell at resistance level, the same thing is going on in the pair for the time being. Well pair is falling down and it is expected that pair will test the support line which is lying at 80.44 level.

Continue reading “AUD/JPY: Trading in horizontal trend channel, just sell”