AUDJPY reached 200 weekly MVA. Short favoured
The 200 weekly MA is in a downtrend and price just reached it yesterday. I would favour the downside from here.
Tonight is BOJ Monetary Policy Statement; we could see some volatility.
Tonight is BOJ Monetary Policy Statement; we could see some volatility.
Note
Price rejected from the top for the second week. we still could see the rising wedge playing out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.