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AUDJPY broke out of resistance, further potential rise!

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
easyMarkets Broker  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns aud AUDJPY jpy audjpylong audjpyshort Forex forextrading forexsignals
5
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trendanalysis harmonicpatterns chartpattern aud audjpy jpy audjpylong audjpyshort forex forextrading forexsignals
Price has broken out of our resistance-turned-support at 82.60 (horizontal swing high resistance, 50% Fibonacci retracement) and a strong rally might occur, pushing price up to our major resistance at 83.55 (horizontal overlap resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement).

RSI (55) is also approaching our long term descending resistance line and a breakout above this level might be a good precursor for further potential rise in price.

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