AUDJPY facing bullish pressure, potential for a bounce!

Price is approaching 1st support, in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal overlap support, where we could potentially see a bounce and further rise up to 1st resistance, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance. Price is also holding above the Ichimoku cloud and ascending trendline support, showing bullish pressure in line with our bullish bias.

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