AUDJPY: BoJ decided to leave interest rates steady | NEXT?
Today morning the Bank of Japan's (BoJ) decided to leave interest rates steady at -0.10% at the end of its policy meeting on Tuesday.
Apparently, the BOJ decision did not affect the JPY pairs. In many of the pairs, we saw only a slight increase in price.
Now everything is back to normal.
AUDJPY: In the daily chart, the price is close to a strong resistance area located on the left side of the chart.
I expected the price to rise but it seems the bulls are getting weaker.
From the current area, we can see it moving lower, or if the price will expand we can see any other development that could push the price up again up to the resistance area near 85.20
At the moment, I'm still bearish and we can get a price decrease very soon.
Thank you and Good Luck!
Apparently, the BOJ decision did not affect the JPY pairs. In many of the pairs, we saw only a slight increase in price.
Now everything is back to normal.
AUDJPY: In the daily chart, the price is close to a strong resistance area located on the left side of the chart.
I expected the price to rise but it seems the bulls are getting weaker.
From the current area, we can see it moving lower, or if the price will expand we can see any other development that could push the price up again up to the resistance area near 85.20
At the moment, I'm still bearish and we can get a price decrease very soon.
Thank you and Good Luck!
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