FX:AUDJPY   Australian Dollar / Japanese Yen
Currently, AUD/JPY is trading at 75.20. The pair is consolidating in the resistance and support wedges . Previously, the pair was trading in a down trend in a descending triangle pattern. There is a great possibility that the pair will rebound back from its support level . But if the price breaks the support level at 74.87, then It may start a new down trend and its first target price will be at 74.03 and second target price will be at 73.42.

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Thank you,

Rishikesh Lilawat

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