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AUD/JPY Weekly Candlesticks & Ichimoku Chart

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
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FX:AUDJPY   Australian Dollar / Japanese Yen
Beyond Technical Analysis Fundamental Analysis Technical Indicators boj AUDJPY aud jpy chinese
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beyondta fundamental indicator boj audjpy aud jpy chinese
Chinese economy recovering strongly should benefit the AUD in the longer run, and once Abe’s successor is elected, BoJ’s ultra-easy monetary policy will likely be reaffirmed — paving the way for eventual JPY weakness.
AUDJPY has closed above the weekly Ichimoku cloud and broken above resistance at 0.7680–0.7700 convincingly. Buy on dips for a test above 0.8000 seems the right way to go…
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