Adefxc

AUD/JPY Ascending Triangle

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
The AUD/JPY is at the yearly high. Having successfully crafted an Ascending Triangle pattern to confirm the presence of buyers in the market amid the peace talk between Russia and Ukraine.

Technically - If the price gives a sound rebound above the 94.00 psychological level, the pair could experience another surge in price and mark 96.55 as the next stop or move further ahead to 2015 high.

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