Audjpy Short Idea

Posted on the 28 May 2014 by Souljester @souljester618
I was monkeying around with USDJPY this morning per Twitter.  I spent some time with the weekly and daily charts.  AUDJPY appears the clearer play for me.   Here is the VERY SIMPLE setup, and it is by no means a given. We have the 21 EMA crossing the 50 DMA. The target is a July low in the 77s.  The stop is posted above the 21 EMA. There is always a bear path and a bull path. We cannot know which path our future will take.  As always, do your own due diligence, read the discliamer, and make your own investment decisions. Peace, Om, SoulJester