Reserve Bank Australia ( RBA ) surprise the market by cutting the rate to 1.75% , RBA reiterate again this time an appreciating exchange rate could complicate their economic plan . It is in their interest to keep AUD low and with the continuation of Yen strengthening , there is a higher probability that AUDJPY continue sliding down.
AUDJPY at the interesting Psychological price of 80.00 area , For the Bear a rise to near 4H 21 is a good chance to continue selling. some time it go side ways for few hours then continue dropping . more conservative od shorting wait till it break down this support area and get at pullback on the shorter time frame. London Market open would give more opportunity to enter the market.
happy and safe Trading