Tickmill’s Investing Diva, AUDJPY Daily Outlook 15-04-20

<p>AUDJPY Daily Outlook – On Tuesday we found out that big banks’ profits plunged as they set aside billions to get ready for a flood of customers to default on their loans throughout the COVID-19 pandemic. Meanwhile, the IMF said we’re likely headed towards a massive global recession unlike anything aside from the Great Depression.</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 looking at the US retail sales, Canada’s rate decision and Australia’s jobs report.</p>
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<p>Today I’m looking at the AUD/JPY pair which has been unable to break through the daily Ichimoku cloud and the 61% Fibonacci resistance level of 69 has been getting tested for 4 consecutive days.</p>
<p>Meanwhile, Ichimoku’s tenkan line has crossed below the Kijun line, sending another bearish signal. With this, depending on Australia’s jobs report outcome, we could see the bears gaining power and pushing the pair towards the 50% Fibonacci retracement level of 67.</p>
<p>Do you think the bears will win this battle this week? 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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