AUD/JPY October IPDA Data range

Hellp Traders!

Some observations:

Price is in a discounted market. Commercials are more likely to buy in this area.

We have a engulfing daily candle making a bullish order block.

Run below the 40 day low to grab sell stops.

Australian dollar seasonally is bullish for October.

Yen dollar seasonally is bullish overall but choppy for October.

COT data shows Commercials are net long on Aussie dollar as of 9/27/22

COT data shows Commercials are net long on Yen dollar as of 9/27/22