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AUD/JPY Technical Analysis.

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
Currently, AUD/JPY is trading at 74.36. The pair is consolidating in the ascending triangle resistance and support wedges . Previously, the pair was trading in a down trend and after touching the support level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 74.20, then it may start a new up trend and its target price will be at 76.24. If the price breaks the support level at 72.72, then it may start a new down trend and its target price will be at 70.92.

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Rishikesh Lilawat

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