AUDJPY Near Strong Resistance Level.

FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY is trading in a Rising Wedge pattern. Considering this pattern it may continue the same for some more time, we may see a pullback in AUDJPY, as it is trading near the resistance line for the rising wedge. We may see price pullback towards support 1, as the first target then crossing point of support 2 and support of rising wedge pattern, as the second target. One can initiate a trade at this level with a stop loss just above the resistance of the rising wedge pattern.

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