AUDJPY - Bearish Bias
AUD - Strong Bearish
1️⃣ Beijing is stepping up measures to reduce steel production due to environmental problems.
2️⃣ Preliminary readings show retail sales in Australia are down 1.7%, after a 2.7% decline in the previous month.
JPY - Strong Bullish
1️⃣ Investors’ concerns about the uncertainty of the economic recovery could support the value of the JPY.
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Technical
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We are selling AUDJPY after it failed to break the resistance level.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ Beijing is stepping up measures to reduce steel production due to environmental problems.
2️⃣ Preliminary readings show retail sales in Australia are down 1.7%, after a 2.7% decline in the previous month.
JPY - Strong Bullish
1️⃣ Investors’ concerns about the uncertainty of the economic recovery could support the value of the JPY.
=====
Technical
=====
We are selling AUDJPY after it failed to break the resistance level.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
Trade active
Trade closed: stop reached
✅ TRADE HAS HIT BE+5 PIPS
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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.