AUDJPY - Bullish Bias

5 May 2021

AUD - BULLISH
1️⃣ Traders are monitoring commodity as they rallied to some 10-year highs amid a rebound in the world’s largest economies.
2️⃣ Preliminary data showed that the seasonally adjusted estimate for total dwellings approved rose 17.4% on-month to the second-highest on record in March, far above market estimates of a 3% rise and after a downwardly revised 20.1% gain a month earlier.
3️⃣ Positive risk sentiment supported the antipodeans.

JPY - BEARISH
1️⃣ Rising US Treasury yields undermined the JPY.

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Technical
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We are looking to buy the AUDJPY at RBS + above SMA50 on the H1 chart.

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Risk to this trade
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Any change in sentiment could turn the pair's direction.

5 May 2021

İşlem aktif

@Monsun_Asia

5 May 2021

İşlem elle kapatılmış

✅ CLOSE MANUALLY AT 84.630

+13 PIPS

Clear position ahead European closed.