AUDJPY - FUNDAMENTAL + TECHNICAL BIAS
#AUDJPY
Earlier days, AUDJPY was slightly ON due to MARKET RISK ON. Even now, we see that the MARKET has somewhat MARKET RISK OFF. We expect the AUDJPY to bounce back to the upper resistance.
Anyway, if AUDJPY goes DOWNSIDE again, VIX should go up, JPY should go up and STOCKS should go down. If MARKET RISK is OFF, you can definitely SELL at 91.39 LEVEL. For that, MARKET RISK should be OFF. Before that, it can go up to 96.15 LEVEL. After that, AUDJPY may go down to 91.50 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 slightly ON due to MARKET RISK ON. Even now, we see that the MARKET has somewhat MARKET RISK OFF. We expect the AUDJPY to bounce back to the upper resistance.
Anyway, if AUDJPY goes DOWNSIDE again, VIX should go up, JPY should go up and STOCKS should go down. If MARKET RISK is OFF, you can definitely SELL at 91.39 LEVEL. For that, MARKET RISK should be OFF. Before that, it can go up to 96.15 LEVEL. After that, AUDJPY may go down to 91.50 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.