Tickmill’s Investing Diva, AUDJPY Daily Outlook 29-05-20

<p>AUDJPY Daily Outlook – On Thursday we found out the US initial jobless claims rose 2.12 million in the latest week while continuing claims declined, Canada’s current account deficit expanded by $1.8B in the first quarter, and negotiators said the UK still is a long way from agreeing on an EU trade deal.</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 Friday we’ll be looking at the GDP numbers from Italy, Brazil, and Canada as well as the PCE Price Index from the US.</p>
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<p>Today I’m looking at the AUD/JPY pair that has continued its medium-term uptrend ever since it bottomed out on March 18th. While it consolidated below the 61% Fibonacci retracement level of 0.653 in the beginning of May, it has now broken above it and approaching the next key resistance level of 0.67.</p>
<p>Given that the AUD/JPY was in a long-term downtrend since 2018 right before this, there’s a chance we could start seeing the bulls cooling down a little bit soon. It’s still too soon to tell whether the long-term trend has changed for the pair.</p>
<p>Do you think the AUD/JPY pair will finally see solid gains after years of being under pressure? 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/tech-analysis/tickmills-investing-diva-audjpy-daily-outlook-29-05-20/">Tickmill’s Investing Diva, AUDJPY Daily Outlook 29-05-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>