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.

Ross J Burland FXStreet

1HR Chart AUD/JPY stochastics divergence

Daily AUD/JPY cementing the case for mean reversion on stochastics oversold readings

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Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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