AUDJPY - MARKET SENTIMENT

#AUDJPY

AUDJPY is going down a bit due to MARKET RISK OFF in the previous days, JPY became a bit STRONG due to BOJ INTERVENTION. Even now, we see that the MARKET has somewhat MARKET RISK OFF. We expect AUDJPY to RETRACE to higher resistance.

Anyway, if AUDJPY goes DOWNSIDE again, VIX should go up, JPY should go up, and STOCKS should go down. The dollar should continue to strengthen in this way. If MARKET RISK is ON, you can definitely BUY at 97.00 LEVEL. Currently, MARKET RISK is ON. But somehow it may go down to 93.36 LEVEL before going UP. After that, AUDJPY may go up to 97.09 LEVEL. Anyway, if JPY continues to be STRONG, if the MAIN TREND LINE is BREAKED, AUDJPY can definitely SELL at 89.74 LEVEL.

To buy AUDJPY, VIX must be DOWN and SNP500 must be UP. Further, the TREND LINE should be BREAK. And COMMODITIES should definitely be UP. We are waiting for the change in the above mentioned MARKETS.

If the dollar is strengthened by the FED, MARKETS RISK should be off. Then after JPY STRONG, AUDJPY can be LONG TERM BUY. audjpy