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2025 could be one heck of a ride if bearish AUD/JPY clues are correct
While AUD/JPY has already fallen by around 9% from its year-to-date high, it remains firmly in the top quartile of a sideways range that began in the mid-nineties. Focusing on this millennium, the cross has seen two significant tops in 2007 and 2013, both of which resulted in declines of over 40%, admittedly at different rates. I am now questioning whether we’re on the cusp of a third significant top of the century, based on price action this year. While prices reached a 33-year high in July, it was short-lived. Since then, prices tumbled around 18% before recouping some of those losses. Yet bulls are making hard ... (full story)
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- Nov 26, 2024 11:43pm Nov 26, 2024 11:43pm
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- Nov 27, 2024 3:05am Nov 27, 2024 3:05am
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- Posted: Nov 26, 2024 11:15pm
- Submitted by:Category: Technical AnalysisComments: 2 / Views: 7,239
