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AUDJPY: Buy opportunity on a 10 month Support.

Long
Australian Dollar / Japanese Yen (FX_IDC:AUDJPY)  
InvestingScope  
FX_IDC:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators AUDJPY aud jpy Forex Currencies currencytrading forextrading
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trendanalysis chartpattern indicator audjpy aud jpy forex currencies currencytrading forextrading
The AUDJPY pair hit S1 (87.350), which is a Support level that is holding for 10 months. With the 1D time frame turning momentarily oversold (RSI = 32.308, MACD = -0.610, ADX = 52.239), we regards this as a strong long term buy opportunity. TP = 92.000, some points lower than R1, as the 1D MA200 may be lowered by the time it rises to that point, and it has caused the last rejection on February 15th.

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