You are signified by Moon, ruler of the 1st. Your friend is signified by Venus, ruler of the 11th, with the question being, will you remain friends?
Both Moon and Venus are severely debilitated in their detriment. This lack of essential dignity calls into question the goodness of motivation for becoming friends in the first place.
By accidental dignity, Moon is strong in the 7th, fast, increasing in light, and just past conjunction with exalted Mars.
Venus is in strong in her joy in the 5th and also fast.
Conversely, there is unfavorable reception, as Moon negatively receives Venus in the sign of the Moon's fall, Scorpio.
So there is power to remain friends, although this calls into question how much you may really like this person.
Illene for my own learning - Moon being in negative reception to venus shows because moon is in detriment in Scorpio? So this means I will be negative and cautious at any approach from him?
Venus being strong does this mean he has more interest in keeping the friendship than I do?
At this moment we do not socialise together its only business contacts even though it was more social in the beginning. I dont believe we will socialise again unless its a business arrangement or he has a sudden urge to take me out. Even though there is some karmic connection with this person, I want to learn what I can so I dont fall into this situation again.
Lastly, Moon applies to a sextile with Venus, suggesting there will be occasion or opportunity for the friendship to continue.
Accidental diginity how does this happen or what do you mean by that?
When we look at the overall information, the goodness of motive to become friends is called into question. There is power to remain friends should you both choose, but the inclination may be diminished on your part, as all the facts come out in the open. Then should you still chose to remain friends, knowing all that you do, the friendship will likely remain.