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InvestingScope

Long term Rectangle. Resistance test. Short.

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
InvestingScope  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY aud jpy australiandollar japaneseyen yen Forex Currencies currency
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trendanalysis harmonicpatterns chartpattern audjpy aud jpy australiandollar japaneseyen yen forex currencies currency
AUDJPY is trading within a 80.500 - 84.500 Rectangle on 1D, with the price approaching the Resistance (RSI = 60.628, Highs/Lows = 0.9543, MACD = 0.040). Expecting another curve-shaped rejection (see chart) and decline towards the support. Shorting at 83.970, TP = 81.165.
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