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Slumdog Forex - Daily Forex Analysis

AUD/JPY Bouncing Chanel - August 3, 2012

Now here's a potential trade setup for the bouncers over there! AUD/JPY has been moving sideways betwixt safety around 82.5 and back at 79.5 for a considerable while now. The pair is presently testing the top of the reach, but it appears that Aussie bulls are going to give up. Once Aussie bears take over, AUD/JPY would be able to drop over to the base of the reach again. Assuming that you're seting the groundwork to barter this one, verify you set your stops above that last spike.


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