AUDJPY Intraday analysis on dated 26-7-2019

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The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 day moving average’s [Respectively at 75.500 and 75.440] Also the pair trading under its 50 & 200 day moving averages in day chart.

Recommendation: Sell/Sell limit @ 75.500 Target: 60 pips