Forecast – BEARISH

Date Posted:       24 Jan 2020

Currency Pair:     AUDJPY

Current Rating:   SELL

Forecast Move:    DOWN

Key Tech Level:    75.27

Potential Opportunity

Trade Action:   SELL RALLY

Stop Loss          75.42        -27 pips

Entry                  75.15

Take Profit        74.15     +100 pips

Chart & Forecast Details

The Aussie dollar has already started to slide lower and the AUDJPY is going with it. The Chinese Virus scare is starting to push USDJPY lower and I can only see this escalating.

We just need a slight rally back towards the trendline/Cloud to get in at the right level.

Key Trade Day: Friday 29th Jan – Aust CPI

Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 28 years and was a former Chief FX Trader for Citibank. Brad trades all markets and all timezones.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

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