AUDJPY - FUNDAMENTAL + TECHNICAL BIAS
#AUDJPY
In the previous days, AUDJPY was slightly UP due to MARKET RISK ON. But even now we see that the MARKET is somewhat MARKET RISK ON. 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. Currently, the market risk is off. But somehow it can go up to 97.37 LEVEL before that. After that, AUDJPY may go down to 93.39 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.
MARKETS may be slow today mostly due to US HOLIDAY on Monday.
In the previous days, AUDJPY was slightly UP due to MARKET RISK ON. But even now we see that the MARKET is somewhat MARKET RISK ON. 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. Currently, the market risk is off. But somehow it can go up to 97.37 LEVEL before that. After that, AUDJPY may go down to 93.39 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.
MARKETS may be slow today mostly due to US HOLIDAY on Monday.