GBPJPY Roars Back Above 212 – Bullish Rebound Alive as Long as 210 Holds Firm 
FxWirePro: EUR/AUD attracts selling interest, could be on verge of a bigger drop 
NZD/JPY Bulls Regain Control: Buy-the-Dip Strategy Above 91.40 Support 
FxWirePro: EUR/ NZD falls below 1.9800, bears keep the advantage 
FxWirePro: USD/JPY edged higher but the overall bearish outlook remains intact 
FxWirePro: GBP/AUD extends drop, faces 23.6%fib support 
FxWirePro- Major European Indices 
FxWirePro: EUR/ NZD edges higher but bulls lack punch 
FxWirePro: NZD/USD loses momentum but outlook is bullish 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/JPY eyes bear trend resumption 
FxWirePro: USD/ CNY neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/USD bulls struggles as upside momentum fades 
NZDJPY on Thin Ice: Sell the Rally as Bearish Setup Holds Below 93 
AUD/JPY Roars Higher: Bullish Breakout Eyes 110 as Aussie Momentum Surges 
AUD/JPY Bounces Off Support — But 108 Still Caps the Upside 
GBPJPY Stuck in Bearish Box — Sell Rallies While 212 Caps the Upside 
Congratulations to all our readers on this winning trade..!!!, 82.456 as well as 81.025 are very well achieved.
Before we begin, let's just refer below link for our previous write up on the trend prediction:
Still no strength in this pair, more bearish bearish rout on the table as it breaks important support 81.025 as well.
No signs of recovery RSI and Stochastic leading oscillators.
7DMA crosses below 21DMA again, while MACD shows bearish convergence at zeros on daily and remains below zero on weekly.
A resembling bearish engulfing pattern on weekly signifies serious weakness in this pair.
So, how to arrest these bearish risks:
ATM IVs of AUDJPY of 1M tenors is at around 16.81%.
Sensitivity tool signals more positive change in premiums in OTM strikes scenarios.
Thereby, one can initiate trading or hedging strategy using OTM puts which would be even more cheaper.
On hedging grounds, Put ratio Back Spreads are advocated to arrest these downside risks.
Because, the trend signaling bearish risks especially after breaking major supports at 84.001, 82.685 and now 81.025 levels with encouraging bearish signals by technical indicators also as explained in previous technical write up and those stances likely to prolong, and secondly, the traders tend to view the put ratio back spread as a bear strategy, because it employs puts. However, it is actually a volatility strategy.
Options with a higher IV cost more. This is intuitive due to the higher likelihood of the market 'swinging' in your favour. If IV increases and you are holding an option, this is good. You should also note short-dated options are less sensitive to IV, while long-dated are more sensitive.
As we expect the underlying currency exchange rate of AUDJPY to make a larger move on the downside. As shown in the figure purchase 1M 1 lot of at the money -0.49 delta put, 1 lot of 2M (1%) out of the money -0.37 delta put and sell 1W one lot of (0.5%) In-The-Money put option.
