AUDJPY above key 100H EMA, Trend continuation? Or Reversal soon?
AUDJPY has climbed above the key 100H EMA which technically increases the possibility of Bullish Trend Continuation.
However, the situation in the global financial market is quite fragile and risk assets like AUD, NZD or CAD can be quite volatile.
So, buyers must be cautious here.
Sellers, on the other hand, can wait for the price to drop below the 100H EMA and the trend line as well before selling.
However, the situation in the global financial market is quite fragile and risk assets like AUD, NZD or CAD can be quite volatile.
So, buyers must be cautious here.
Sellers, on the other hand, can wait for the price to drop below the 100H EMA and the trend line as well before selling.