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Jun 2, 2022 2:07 PM

AUDJPY Sell Short

Australian Dollar/Japanese YenFXCM

Description

The price is approaching the resistance level. RSI shows that AUDJPY is overbought, so this could indicate upcoming bearish momentum.
Bollinger band: The price is touching the top of the Bollinger band, so this could also indicate upcoming bearish momentum. We are looking for a 50% Fibonacci retracement.

Target: 90.63
Entry: 93.76
S&L: 94.95
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