NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS

#NZDJPY

NZDJPY was slightly DOWN due to MARKET RISK OFF the previous day. But now we see that MARKET RISK is ON. We expect NZDJPY to go UP again.

Anyway, the NZDJPY DOWNSIDE TRENDLINE is BREAKING UP again. That PRICE can fall back on that TREND LINE. After that, if MARKET RISK continues to be ON, you can definitely BUY at 86.88 LEVEL. For that, MARKET RISK should be ON.

To BUY NZDJPY, VIX must be DOWN and SNP500 must be UP. And COMMODITIES should definitely be UP. We are waiting for the change in the above mentioned MARKETS.