AUD/JPY Technical Analysis: The case for 50% mean reversion back to the daily support line circa 77.50
|- Following the risk-off start to the week, Breaking: Trump’s threat to lift tariffs on Chinese imports sends risk assets into reverse, Yen is 0.34% higher vs dollar, the FX space's risk barometer is making the case for an upside opportunity.
- Stochastics divergence is making the case for a possible 50% mean reversion back to the daily support line circa 77.50.
1HR Chart AUD/JPY stochastics divergence
Daily AUD/JPY cementing the case for mean reversion on stochastics oversold readings
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.