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Australian Dollar/Japanese Yen FX:AUDJPY


Market is in a downtrend since June, last week we took price to 78 and now we see a nice retracement to a good area of resistance (between 0.5 and 0.618 fib levels) where we expect price to bounce from, and visit 78 areas once more or create some new lows, either way there are some good trade opportunities here. Wait for the market to react and enter only if the resistance holds.


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