AUDJPY SHORT
OANDA: AUDJPY
The Japanese Yen drops to a fresh multi-month low on Wednesday and remains vulnerable.
The BoJ rate-hike uncertainty overshadows a stronger Japanese PPI and undermines the JPY.
Elevated US bond yields weigh on the JPY further amid a bullish USD ahead of US CPI.
Trend Direction: It's a downtrend.
Key Levels: Major support level at 99.545 and
Major resistance zones at 102.307
Indicator: EMA - bearish momentum.
Trade Setup: Outline
*Entry: 101.087
*Stop-Loss: 101.255
*Take-Profit: 99.980
The Japanese Yen drops to a fresh multi-month low on Wednesday and remains vulnerable.
The BoJ rate-hike uncertainty overshadows a stronger Japanese PPI and undermines the JPY.
Elevated US bond yields weigh on the JPY further amid a bullish USD ahead of US CPI.
Trend Direction: It's a downtrend.
Key Levels: Major support level at 99.545 and
Major resistance zones at 102.307
Indicator: EMA - bearish momentum.
Trade Setup: Outline
*Entry: 101.087
*Stop-Loss: 101.255
*Take-Profit: 99.980
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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.