AUDJPY Intraday analysis on dated 26-7-2019

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

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