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Australian Dollar / Japanese Yen
Short

AUDJPY approaching resistance, potential drop!

By Tickmill
Broker
AUDJPY is approaching our is approaching our first resistance at 80.65 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 80.24 (38.2%, 50%, 61.8%% Fibonacci extension). RSI (89) is also facing bearish pressure where a strong drop below this level might see a corresponding drop in price.
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Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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