Originally updated: 06:48
Status: Pending
Trading period: SHORT
Currency pair: AUD/JPY
Entry: 95.75-95.95
Take profit: 94.70
Stop: 96.40
Sentiment: Bearish
Market Focus:
In today’s trade set up we will be focussing on selling opportunities on the AUD/JPY.
Fundamentals:
The Yen rallied across the board as an increased demand for haven assets by investors was seen as Oil and Copper prices plunged to new lows and declines in global stock markets brought uncertainty to the global economic outlook for the year ahead. The AUD was heavily sold as Copper saw the lowest levels since 2009.
Technicals:
After the large drive lower this morning, I am looking for selling opportunities on any decent rally, with a decent resistance area eyed out at 95.75 area.
Status: Pending
Trading period: SHORT
Currency pair: AUD/JPY
Entry: 95.75-95.95
Take profit: 94.70
Stop: 96.40
Sentiment: Bearish
Market Focus:
In today’s trade set up we will be focussing on selling opportunities on the AUD/JPY.
Fundamentals:
The Yen rallied across the board as an increased demand for haven assets by investors was seen as Oil and Copper prices plunged to new lows and declines in global stock markets brought uncertainty to the global economic outlook for the year ahead. The AUD was heavily sold as Copper saw the lowest levels since 2009.
Technicals:
After the large drive lower this morning, I am looking for selling opportunities on any decent rally, with a decent resistance area eyed out at 95.75 area.
At no time should anyone view the information presented anywhere on this website as advice, recommendation or proven. Everything reflected is merely opinion and may not be accurate. The purpose of the site is to express the opinions and views of Jarratt Davis. There is no intention to offer specific help, advice or suggestions to anyone reading any of the content posted here.
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