NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS
Currently the NZDJPY is going down a bit due to the MARKET RISK OFF. We expect NZDJPY to be UP again.
Somehow that PRICE can fall back on the NZDJPY MAIN TRENDLINE. Then if you BREAK the DOWNSIDE TREND LINE you can definitely buy BUY for 86.88 LEVEL. It must be MARKET RISK ON.
But we can sell NZDJPY up to 81.51 according to STRUCTURE. The reason for this is the idea that the existing MARKET SENTIMENT in the OVERALL MARKET will be RISK OFF in the coming days. We must pay attention to the MARKET SENTIMENT.
Somehow that PRICE can fall back on the NZDJPY MAIN TRENDLINE. Then if you BREAK the DOWNSIDE TREND LINE you can definitely buy BUY for 86.88 LEVEL. It must be MARKET RISK ON.
But we can sell NZDJPY up to 81.51 according to STRUCTURE. The reason for this is the idea that the existing MARKET SENTIMENT in the OVERALL MARKET will be RISK OFF in the coming days. We must pay attention to the MARKET SENTIMENT.