AUD/JPY
The AUD/JPY has hit a major resistance at 95.42 yesterday. Despite a slight break above this threshold, the pair has posted a weak close before starting a consolidation. This consolidation would extend upon a break below the short term support at 93.20 (+7 bp / day) toward the first retracement at 91.67. A clear break above 95.42/50 would instead signal an extension of the uptrend. Short – Stoploss @ 95.51 – Target @ 91.68.
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