The Aussie had a terrific 2020, arguably the strongest currency of the year!
It's Bull run has not yet seemed to have been weakened! Which leads me to
question whether it has turned around for the long term?
- It has strongly broke the channel it has respected for the last 3 years and
has appeared to have held.
- Last year it had also bounced off its All Time Support zone , in the past this
was Always followed by a Strong Bull run.
- I believe 2021 will involve a strong race to the 88.000 resistance level for
AUD/JPY .
- On the flip side, price may or may not decide to revisit the support zone
but as of right now i Really doubt that!
Please let me know what you think? And if this was helpful!
(if anyone knows any fundamental info regarding this pair, let me know!)
It's Bull run has not yet seemed to have been weakened! Which leads me to
question whether it has turned around for the long term?
- It has strongly broke the channel it has respected for the last 3 years and
has appeared to have held.
- Last year it had also bounced off its All Time Support zone , in the past this
was Always followed by a Strong Bull run.
- I believe 2021 will involve a strong race to the 88.000 resistance level for
AUD/JPY .
- On the flip side, price may or may not decide to revisit the support zone
but as of right now i Really doubt that!
Please let me know what you think? And if this was helpful!
(if anyone knows any fundamental info regarding this pair, let me know!)