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AUDJPY approaching resistance, watch for breakout!

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
Tickmill Broker  
FX:AUDJPY   Australian Dollar / Japanese Yen
Harmonic Patterns Trend Analysis Chart Patterns AUDJPY aud jpy audjpylong audjpyshort Forex forextrading forexsignals
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harmonicpatterns trendanalysis chartpattern audjpy aud jpy audjpylong audjpyshort forex forextrading forexsignals
Price is approaching our first resistance at 83.71 (horizontal swing high resistance, 78.6% Fibonacci retracement) and a breakout above this level might push price up to our major resistance at 84.58 (horizontal swing high resistance, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
RSI (89) is also seeing a bullish exit and we might see a corresponding rise in price.
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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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