Reason for Buying AUD/JPY :
AUD/JPY reaches the minor level 87.00
We Expect a Breakout of 87.00 Price Level.
The Breakout happens, but the market doesn’t move enough to reach our Target. It just came near to our Target and starts to reverse from yesterday UK session.
Due to the Weakening of AUD currency on all AUD pairs, the market starts to reverse on AUD/JPY.
Technically both JPY and AUD are weaker now, AUD becomes too weaker on all AUD pairs, and this makes the AUD/JPY to move down.
Finally Market reaches our Stop Loss due to the weakening of AUD.
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