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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

AUD/USD slipped below 0.6980 support as US Pres.Trump’s tweets dragged antipodeans down

The AUD/USD pair slipped beneath 0.6980 support during the early Asian session on Monday after the US President Trump threatened China goods.
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USD/JPY drops to 14-week old support-line after trade negative news fuelled risk-off

USD/JPY struggles around 100-day SMA level of 110.70 after it dropped to the 14-week long trend-line support on the US President Donald Trump’s tweets.
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