AUDJPY (MIDAZ TRADING STRATEGIES)

AUDJPY
Next week Japan's monetary policy meeting, we forecast a slight tightening measure in near term.
AUDJPY has rallied to fibo 61.8 , recovering from the huge fall.
The recovery was mainly due to the difference in interest rates, 0.25 v -0.1 .

On technical view, the trend lines are very much in danger, further decline would result to invalid uptrend zone, with no strong near term support zone insight.
We will wait if price breaks below 68, to have a clearer call. (4hr trend support zone)