AUDJPY Trade Idea (27th February 2020)

Currency Pair: AUDJPY
Timeframe: H1
Date/Time of Signal: 27th February 2020 / 1400hrs (SGT)

Review:
The Australian Private Capital Expenditure q/q data released earlier today was worse than forecasted.
And the spread of the coronavirus is still gripping investors into a state of fear and driving investors to safe haven currency such as YEN.

AUDJPY is on a downtrend and has broken the Support level of 72.50.

Following the trend, trade signaled to sell AUDJPY (Entry: 72.08) with 3 Take Profit (TP) Targets (TP1: 71.88, TP2: 71.68, TP3: 71.48) and Stop Loss (SL) at 72.38.