AUDJPY may drop impulsively soon.
Another pair that maybe affected by US election is the AUDJPY, which is well known to respond wildly to risk sentiment. That is, AUDJPY tend to rise when risk-on, or tend to drop when risk-off.
Looking at the daily chart, the price is still bound by a long term downward trend line (in red color), and is very close to the upper boundary, which leads me to think that a drop may come soon.
I'll be watching this pair next week to see if there's any short opportunity.
Looking at the daily chart, the price is still bound by a long term downward trend line (in red color), and is very close to the upper boundary, which leads me to think that a drop may come soon.
I'll be watching this pair next week to see if there's any short opportunity.
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