AUD/JPY – Gains likely above Asian session high

FX:AUDJPY   Australian Dollar / Japanese Yen
15 0 0
Despite pair’s retreat from the high of 79.73, the subsequent recovery from the Asian session low of 78.82 to 79.25 in the wake of Friday’s bullish daily close above 79.00 suggests the pair could make a quick fire rally to 80.19 ( 200-DMA             ).

On the lower side, only a daily close below 78.00 would signal short-term bearish invalidation.
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