Tickmill’s Investing Diva, AUDJPY Daily Outlook 01-07-20

<p>AUDJPY Daily Outlook 01-07-20 – On Tuesday we found out that the U.S. consumer confidence for June jumped more than expected, The Chicago Purchasing Managers’ Index bounced to 36.6 in June vs. 32.3 in May, but well below 45.0 forecast, Canada GDP plunged a record -11.6% in April, the UK economy shrank more than it has done in over 40 years at the start of 2020, and that the outlook for the global labor market in the second half of 2020 is “highly uncertain” according to the International Labour Organization.</p>
<p>Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends.</p>
<p>On Wednesday we’ll be eyeing the German unemployment change, the US Manufacturing PMI numbers as well as the FOMC minutes.</p>
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<p>Today I’m looking at the AUD/JPY pair on the 4-hour chart as it has broken above the Ichimoku cloud but also hit a medium-term resistance level at 74.67. With this, while we could expect a temporary pullback towards the upper band of the Ichimoku cloud, the general momentum for the pair is bullish with the next resistance level set at 76.6.</p>
<p>Will you be buying the AUD/JPY pair at the lower levels? Head over to the comments section and let me know.</p>
<p><strong>Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.</strong></p>
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<p>The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/tickmills-investing-diva-audjpy-daily-outlook-01-07-20/">Tickmill’s Investing Diva, AUDJPY Daily Outlook 01-07-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>