There were some huge moves away from risk in the recent US session. Price has rebounded quite strongly however I think this move is a sign of things to come, and the push up is just the last of the optimists throwing their money away before the markets come crashing down in a state of panic and fear. I am currently short the AUD/JPY as I believe it is the best barometer of risk being the highest yielding currency pair. Price has rebounded to a level which I believe is a good spot to get short so I will be adding to my position soon. Look to sell at 83 with a stop at 84.
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