Here's an update on the AUD/JPY - this time on a daily chart.
Yesterday I said that if the lower support of the down channel breaks to the downside, all hell will break loose.
Well - they tried last night but it reversed up to remain safe.
If that currency pair does break to the down side, then I think last night's action in stocks will look like a teddy bears picnic - before the grizzlies arrive.
Good luck
Redb
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