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TrackRecordTrading

Potential weakness in SGD as CNY weakens, stronger JPY on risk

Short
SGD/JPY (OANDA:SGDJPY)  
TrackRecordTrading  
OANDA:SGDJPY   SGD/JPY
Technical Indicators Trend Analysis trackrecordasia SGDJPY
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indicator trendanalysis trackrecordasia sgdjpy
Fundamentally, as trade tensions worsen, SGD should weaken in tandem with CNY while risk aversion will cause JPY to strengthen. On the charts, SGD/JPY is trying to break below the Ichimoku clouds. Keep an eye on this as it could develop into a strong bear trend on the weekly chart.
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