After a risk on move in risk assets AUDJPY found new levels overnight around 72.80.
 
 
The AUDJPY is now back to 72.30 and we have Aussie wage data + China industrial production data shortly - so can we fade the AUDJPY today?
 
 
I think yes -&nbsp;
 
*Sell*
AUDJPY
72.30
 
 
Target
7180 (+50 Pips)
 
Stop
72.80 (-50 Pips)
 
This is a high risk trade today, but I am prepared to fade the AUD move as Aussie jobs data is today &amp; Thursday and may drag on this cross-pair.

Fade the AUDJPY spike

Dec 01 2020

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