Currency Pair: AUDJPY
Timeframe: H1
Date/Time of Signal: 21st January 2020 / 2250hrs (SGT)
Review:
The Australian Dollar is trading lower after Chinese officials confirmed the coronavirus can be spread by human-to-human contact. Safe-haven Japanese Yen has been strengthening which is a strong indication of a risk-off trading session.
AUDJPY has bounce off the Resistance level of 76.20 and is on a downtrend.
Trade signaled to sell AUDJPY (Entry: 75.53) with 3 Take Profit (TP) Targets (TP1: 75.33, TP2: 75.13, TP3: 74.93) and Stop Loss (SL) at 75.83.
Timeframe: H1
Date/Time of Signal: 21st January 2020 / 2250hrs (SGT)
Review:
The Australian Dollar is trading lower after Chinese officials confirmed the coronavirus can be spread by human-to-human contact. Safe-haven Japanese Yen has been strengthening which is a strong indication of a risk-off trading session.
AUDJPY has bounce off the Resistance level of 76.20 and is on a downtrend.
Trade signaled to sell AUDJPY (Entry: 75.53) with 3 Take Profit (TP) Targets (TP1: 75.33, TP2: 75.13, TP3: 74.93) and Stop Loss (SL) at 75.83.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.