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Pika7993

Dual scenario Pending

Australian Dollar / Japanese Yen (FX:AUDJPY)  
Pika7993  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators Moving Average Convergence / Divergence (MACD) Relative Strength Index (RSI) support Support and Resistance AUDJPY
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trendanalysis chartpattern indicator macd relativestrengthindex support supportandresistance audjpy
Presented is the 1 hr chart with 2 play outs depending on support and resistance.

Currently we see a straight consolidation riding top resistance of 83.450. A break above could trigger a buy entry to retest top resistance of 84.500.

A retest and break of 83.000 support can trigger a sell to retest 82.400.
Current indicators hint towards support retest for a potential break with MACD/SIGNAL trying to correct back into sellers favor while RSI pivoted below 50.

Be patient for entry. Please comment with thoughts and ideas. Thank you.
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