AUDJPY - FUNDAMENTAL + TECHNICAL BIAS
#AUDJPY
Earlier days, AUDJPY was going down a bit due to MARKET RISK OFF. But now we see that the MARKET has somewhat MARKET RISK OFF. We expect AUDJPY to turn DOWN again.
Anyway, its price is moving down in the AUDJPY DOWNSIDE CHANNEL. By BREAKING that CHANNEL, its price may go UP again. After that, if MARKET RISK continues to be OFF, you can definitely SELL at 92.71 LEVEL. For that, MARKET RISK should be OFF. After that it can go up to 96.90 LEVEL. After that, AUDJPY may go down to 89.74 LEVEL.
To SELL AUDJPY, VIX must be UP and SNP500 must be DOWN. And COMMODITIES should definitely be DOWN. We are waiting for the change in the above mentioned MARKETS.
Earlier days, AUDJPY was going down a bit due to MARKET RISK OFF. But now we see that the MARKET has somewhat MARKET RISK OFF. We expect AUDJPY to turn DOWN again.
Anyway, its price is moving down in the AUDJPY DOWNSIDE CHANNEL. By BREAKING that CHANNEL, its price may go UP again. After that, if MARKET RISK continues to be OFF, you can definitely SELL at 92.71 LEVEL. For that, MARKET RISK should be OFF. After that it can go up to 96.90 LEVEL. After that, AUDJPY may go down to 89.74 LEVEL.
To SELL AUDJPY, VIX must be UP and SNP500 must be DOWN. And COMMODITIES should definitely be DOWN. We are waiting for the change in the above mentioned MARKETS.