AUD/JPY looks exposed
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
USD/CHF targets lower levels
Trade idea
SELL 0.9820; TP1 0.9800; TP2 0.9740; SL 0.9835
USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area (September and October lows, 50% Fibonacci retracement of the August-October advance, 200-week MA) has failed. The pair may have shifted to a lower range. The closest target on the downside lies around 0.9800 (61.8% Fibo). If the United States and China fail to find common ground in trade talks and new tariffs kick in, the decline to 0.9740 (78.6% Fibo) will be very likely.
Elizabeth Belugina
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AUD/JPY looks exposed
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
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On the W1, Brent oil formed a bullish “hammer”…
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