JPYAUD Analysis: Flying up

2020-03-01 02:29:21

I have been watching JPYAUD for a long time with no publish analysis as i was only focusing on main pairs where i like to be.
but its very interesting to know that this pair will keep rising up in short and mid terms for following reasons:

* COVID19 impact: which is making investors looking for save currency such like JPY and CHF.
* Negative Ausralian results: starting from the current year specially the expectation that GDP will be decreased to 2 while it was around 3.25 last year beside the negative numbers of unemployments and other figures. https://www.theguardian.com/business/grogonomics/2020/feb/11/the-stumbling-australian-economy-needs-rescuing

I think this pair is more effected by news and events rather than the others which makes defining the analysis is much harder to expect.
what im sure of that the trend will keep going up, however i assume that price will pullback between 0.0140 and 0.0138 then will trend up again.

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Disclaimer
Doing your own analysis is always highly recommended