Wednesday, January 16, 2013

AUD / JPY Update: 16.01.13 18:46hrs

AUD / JPY:

Price has pulled back as expected.

My orders have been triggered and I am short from 93.45 (0.5% risk) and 93.55 (0.5%)

Averaged in at 93.50 with total risk of 1%

Chart below:

 



Price has made a small move down and has been as low as 93.26, however that was not enough for me to move the stop loss and allow the trade enough room to breath.

There is data due to be released later tonight from Australia, in the form of Unemployment rate and Employment Change.

I am hoping that this data will push the price down and allow me to remove the risk.

I will update again first thing tomorrow morning.

Have a great evening

Regards

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