Good morning everyone, the breaking news for today is AUD/JPY has fallen to a 4-day low of 81.12 so far in the Asia-Pacific session, down from 81.70 at the end of trade late Friday and down from a recent yearly high of 82.83 printed last week. Market respons to strongly bearish and extremely oversold
But somehow there still is a large amount of uncertainty in the marketplace, fueling risk aversion despite optimism about the Greek PSI talks, by the way AUD/JPY is last quoted at 81.20, down 0.60% on the day as the Aussie is pressured by selling in Tokyo. This indicators makes further movement in the paring will likely be due to headlines out of Europe in the session ahead. To the downside, support lies at 80.85 (20 Jan high), with immediate resistance is noted at 81.39 (intraday).So if we want to take this risk, just wait and see, risk mode on for traders AUD/JPY
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