AUDJPY has been ranging for a considerable amount of time with the resistance level being tested twice showing clear presence of bearish momentum. The market rejected once on the 80.00 Support area and came to that same Support area to form a beautiful hammer candlestick showing very strong bullish momentum. On lower time frames we can clearly see a Flag pattern being formed signalling continuation. If the market respects the 80.0 support area which lines up with the 50% Fib Retracement zone and slightly breaks the flag. I’m bullish on this pair.



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