AUDJPY- thoughts-Possible BULLS

AUDJPY there is a strong support level @ 79.600'ish I'm expecting the market to bounce and keep moving upwards in the next week although this is determined by the CPI report coming out on Tuesday which might play a huge factor in the next direction for the AUD at the same time it is essential to keep an eye on some news releases for the JPY such as the Monetary Policy Statement which comes out on Wednesday 24th of April. keep an eye on those factors, in my opinion, there is a strong chance the AUD might get stronger because of the increase in the Chinese GBP which came out on the 16th of April. any thoughts? AUDJPY

Comment:

CPI was really against us I have been stopped out before the SELL-OFF @ 30pips loss. however, I'm looking to buy in the near future