AUD/JPY
The AUD/JPY has consolidated in the recent weeks and has bounced yestreday on a key short term support area around 79,70. A break above a short term resistance at 81,30 would strenghten this recovery and would prolong it toward 83,10/60, possibly higher toward the next medium term resistance at 85,30 (retracement). A break below 79,53/70 would invalidate this scenario and would send a bearish signal. Buy – Stoploss @ 79,52 – Target @ 82,49
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