Tickmill’s Investing Diva, AUDJPY Daily Outlook 28-04-20

<p>AUDJPY Daily Outlook – On Monday Texas, Ohio and other states prepared to reopen their economies despite the reported U.S. coronavirus cases are close to 1 million.</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>
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<p>The U.S. oil plunged 25%, and Brent fell below $20 a barrel, the Swiss National Bank stepped up its forex purchases again, New Zealand claimed ‘elimination’ of coronavirus with new cases in single digits in the country, but the Bank of Japan expanded monetary stimulus as the pandemic pain gets worse.</p>
<p>On Tuesday we’ll be eyeing the CB Consumer confidence from the US and Australia’s inflation rate.</p>
<p>Today I’m looking at the AUD/JPY pair that broke above the daily Ichimoku cloud last week and is now on its pullback mode towards the upper band of the Ichimoku cloud.</p>
<p>The Ichimoku system suggests this pullback towards 68 to be a buying opportunity for medium-term investors. Potential profit-taking ideas are at the Fibonacci retracement levels at 71 and 74.</p>
<p>This is of course if the inflation rate tomorrow doesn’t trigger the bears. Do you think the AUD/JPY pair will continue its gains? 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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