The AUD/JPY pair is currently expected to move lower. This bearish outlook is supported by the trendline reversal from an uptrend to a downtrend, signaling a shift in market sentiment.
In addition, weaker buying activity compared to previous levels further reinforces the bearish bias, suggesting stronger selling pressure in the short term.
Recommendation:
- Sell AUD/JPY
- Entry: 95.948
- Take Profit: 95.572
- Stop Loss: 96.196
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
The best investment is an investment in knowledge. Start your journey to trading success with a Masterclass Trading Webinar every Friday. Join now!