-600 Points Result Reached in AUD/JPY Buy Signal

AUD/JPY Analysis : 

AUD/JPY reached the bottom level after long time.

After market bounces back from this bottom zone, AUD/JPY Buy signal is given.

But, AUD becomes too weak due to the fundamentals of Australian Economy.

Today Australia’s Home Loans (MoM) published negative result of -0.9% from 0%

Due to this fundamental negative news release Australian Currency AUD becomes very weak in short term.

This is the reason for AUD/JPY to reach our Stop Loss price.

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Forexgdp Team.

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