AUDJPY: Japanese Yen Continue to Strike Back?

Updated
Hello Fellow Forex Traders, Here's a Technical outlook on AUDJPY!

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Chart Perspective
AUDJPY is breaking out of the Bearish Flag pattern while rejecting resistance from previous support area. Breaking out of this pattern indicates a potential trend continuation from previous bearish bias. The MACD Indicator shown a death cross (waiting for candle close in 25 minutes from the time posted). The death cross signals a possibility of bearish trend continuation.

All other explanations are presented on the chart.

The roadmap will be invalid after reaching the target/ resistance area.

"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AUDJPY"
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