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AUDJPY: Today's decline is a buy opportunity.

Long
Australian Dollar / Japanese Yen (FX_IDC:AUDJPY)  
InvestingScope  
FX_IDC:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators AUDJPY Forex Currencies audjpytrading forextrading aud jpy australiandollar japaneseyen
7
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trendanalysis chartpattern indicator audjpy forex currencies audjpytrading forextrading aud jpy australiandollar japaneseyen
AUDJPY is borderline bullish on the 1D technical outlook (RSI = 56.140, MACD = 0.500, ADX = 22.883) as today it has erased the gains of almost the past 3 days. As it approaches the 1D MA50, it is turning into a buy opportunity inside a double Channel Up pattern. At 99.000 we are turning bullish again and will aim for a +2.65% increase (TP = 101.700) for a HH.

See how our prior idea has worked out:

AUDJPY: Buy signal

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