Audjpyshort
AUDJPY - Bearish Bias to 80.50 (SHORT / SELL) early in the week Hi everyone,
According to the analysis, AUDJPY is in a correction phase and will likely visit 80.50 before continuation to 84.00.
SELL idea towards 80.50 .
Therefore, bearish bias in the beginning of the week, but once you see price rejecting 80.50 area, it's time to BUY!!
I'll post what it should look like once price rejects 80.50 area and resume the trend up.
Thanks,
Gaspar_Trader
AUD/JPY: DOWNTREND | NEW SHORT OPPORTUNITY SELL.... Welcome back Traders, Investors, and Community!
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AUDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDJPY - Bearish BiasAUD - Strong Bearish
1️⃣ Risk-off sentiment in the market led to sales in high-beta currencies such as the AUD.
2️⃣ The RBA voiced concern over economic growth in the 3rd quarter as a result of the COVID-19 outbreak in Australia.
JPY - Weak Bullish
1️⃣ Investor concerns about the spread of coronavirus sparked demand for safe-haven currencies.
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Technical
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We are selling the AUDJPY after it breaks previous support.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
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