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Australian Dollar May Be A Steal Against Japanese Yen
Thursday, 06 November 2008 01:50:17 GMT
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Our Forex Automated Trading Signals bought the Australian Dollar against the Japanese Yen using the Range1 system. Now that the trade is in the red to the tune of 53 pips, one might want to go long on this trade as AUDJPY would be considered to be at a discount. Despite this being a counter trend opportunity, four different systems suggest a buy opportunity to be optimal.
See more Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis. For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.
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