NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS
#NZDJPY
NZDJPY was slightly UP due to MARKET RISK ON the previous day. But now we see that MARKET RISK is ON. We expect further NZDJPY UP.
Anyway, NZDJPY BREAKED THE DOWNSIDE TRENDLINE and moved up. That PRICE can fall back on that TREND LINE. Maybe the PRICE will go down to the 86.20 LEVEL again and that PRICE LEVEL can become SUPPORT. After that, if MARKET RISK continues to be ON, you can definitely BUY at 87.61 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.
NZDJPY was slightly UP due to MARKET RISK ON the previous day. But now we see that MARKET RISK is ON. We expect further NZDJPY UP.
Anyway, NZDJPY BREAKED THE DOWNSIDE TRENDLINE and moved up. That PRICE can fall back on that TREND LINE. Maybe the PRICE will go down to the 86.20 LEVEL again and that PRICE LEVEL can become SUPPORT. After that, if MARKET RISK continues to be ON, you can definitely BUY at 87.61 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.