AUDJPY Trade Idea (21st February 2020)

Currency Pair: AUDJPY
Timeframe: H1
Date/Time of Signal: 21st February 2020 / 1520hrs (SGT)

Review:

Australia services PMI for February fell sharply to 48.4 from 50.6. and pessimism about the Chinese growth outlook continue to weaken the Australian dollar.

AUDJPY has been unable to break and bounce of the resistance level of 74.20.

Trade signaled to sell AUDJPY (Entry: 73.83) with 3 Take Profit (TP) Targets (TP1: 73.63, TP2: 73.43, TP3: 73.23) and Stop Loss (SL) at 74.13.

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