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InvestingScope

AUDJPY: Buy opportunity on the 1D MA50.

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
InvestingScope  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators AUDJPY aud jpy australiandollar japaneseyen Forex Currencies currency pairs
17
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trendanalysis chartpattern indicator audjpy aud jpy australiandollar japaneseyen forex currencies currency pairs
The pair has been trading within a 1D Channel Up (RSI = 55.246, MACD = 0.410, Highs/Lows = 0.0000) since the August bottom. Last Friday we got a rejection on the 1D MA200 similar to what happened in April, so that requires attention. As long as the Higher Low zone (green shape) holds, the 1D MA50 (blue line) should support then next Higher High on the 76.150 Resistance, which is our Target.





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