AUDJPY - Bullish

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AUDJPY - BullishAUD/JPYOANDA:AUDJPYI_M_ShoaibI have a bullish bias on AUDJPY based on the following factors: - Seasonality - AUDJPY have a probability to remain bullish towards end of Jul, early Aug - COT report: - For AUD, since start of Jun, non-commercial positions on the long side have remain unchanged but on the short side have significantly increased - For JPY, since start of Jun, non-commercial positions on the long side have decreased and shorts have increased - Forex Fundamentals (Summary 3 Score) - AUD and JPY scores in the last few months have been decreasing - Fundamental News - US and EU have agreed on a trade deal with 15% tariff. This is risk on indications for the global markets since it indicates certainty going forward Technicals: - AUDJPY - in an uptrend on 4H and D with no divergence on both timeframes. However, price is approaching a strong resistance zone/double top which is our TP target