FX:AUDJPY   Australian Dollar / Japanese Yen
The counter has completed its short-term bull cycle by completing 5 waves.
It is taking support at the lower levels and is absorbing the selling pressure by forming an ascending triangle .
The resistance of 72.50 currently caps the rally and a breach above it can result in significant short-covering in the counter.
Hence, we advise traders to buy only above 72.5 for a move to resistance of 76.102.
I AM short...
Good luck
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