Home Article Free Forex Signal 26/01/21 AUDJPY – BEARISH BIAS (-30 PIPS ❌)

26/01/21 AUDJPY – BEARISH BIAS (-30 PIPS ❌)

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AUD – BEARISH
1️⃣ Investors tempered hopes for the quick passage of $1.9 trillion in US stimulus as markets priced in comments from Senate Majority Leader Chuck Schumer that the bill may not be pushed through until mid-March.
2️⃣ The negative risk tone weighing on the antipodeans.

JPY – BULLISH
1️⃣ Japan’s House of Representatives looks set to approve a third supplementary budget for fiscal 2020 totaling 19.18 trillion yen (US$185 billion) to fund additional government measures to counter the novel coronavirus pandemic.
2️⃣ The risk-off tone support the safe-havens JPY.

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Technical
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We are selling the AUDJPY at the resistance of 80.00 + below SMA 50 on the H1 chart.

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Update for AUDJPY
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❌ TRADE HAS HIT STOP LOSS

-30 PIPS

🔘 Risk aversion sentiment eased after the IMF revised higher its 2021 growth projections for the global economy.

Live Chart: https://www.tradingview.com/chart/AUDJPY/hXPor70b-AUDJPY-Bearish-Bias/

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