AUD/JPY may fall further
AUD/JPY is in the downtrend since the start of the year. It was capped on the upside by all the three important moving averages on the D1.
Trade ideas for EUR/JPY
Information is not investment advice
EUR/JPY is correcting up. There’s a bullish impulse on H4. However, the overall trend remains bearish. Moving averages are in a negative position. As a result, we think about selling the pair on rallies.
The upcoming events will surely bring volatility: the euro area will release flash CPI figures at 12:00 MT time today. In addition, the European Central Bank will meet on Thursday. All in all, the euro area has a lot of economic and political problems and is vulnerable to China’s economic slowdown, so we don’t think that the euro will be able to reverse to the upside.
Elizabeth Belugina
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AUD/JPY may fall further
AUD/JPY is in the downtrend since the start of the year. It was capped on the upside by all the three important moving averages on the D1.
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