AUDJPY - SELL - 18th February 2022




AUDJPY - SELL - 18th February 2022 (Closed)


Good morning team,

After a couple of losses earlier in the week, I wanted to take a day to settle and re-assess the markets. Fundamentally speaking the conflict in Europe is reaching a tipping point. US Secretary of State Antony Blinken warned members of the United Nations Security Council that the early stages of a Russian invasion of Ukraine were “unfolding” after Moscow bolstered its forces along the border between the two nations in recent days. “The stakes go far beyond Ukraine,” the Secretary of State said in remarks lasting roughly 10 minutes. GOLD has surged to the upside due to the safe-haven appeal and we see the AUDJPY as a shorting opportunity, firstly because the JPY should strengthen as a safe haven currency, secondly the AUD should weaken as it is a risk currency.

AUDJPY Technical Analysis

Trade Setup: SELL market execution, current price 82.49, stop loss 83.35 and take profit target 80.38

Stop loss: 86 pips

Take profit: 211

Trade Setup
SELL - Market Execution

Entry
82.49

Take Profit
80.38

Stop Loss
83.35