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Forex Automated Trading Signals Buy AUDJPY

By Luis Gil,
30 January 2009 03:12 GMT

Our Forex Automated Trading Signals have purchased the Australian Dollar against the Japanese Yen using the Momentum 2 strategy. Unfortunately this signals happens to be trading against the downward trend. Do to this counter-trend approach the trade has additional risk than those going with the tide. Indeed the trade is currently down more than 100 pips.

01-30-09 audjpy

Be sure to monitor any updates on these specific signals at Forex Buy/Sell Signals on DailyFX+, 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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30 January 2009 03:12 GMT