AUDJPY is testing the upside support
AUDJPY is testing an uptrend line support 83.10 in a consolidation triangle. A bounce from here is important for the upside continuation and a test of 84 for an extension higher. We need to see a confirmed break above 84 for the upside extension. A confirmed break below 83.10 will lead to a deeper pullback to 78 but will not significantly change the uptrend.
Note – Look for short trade entries upon a break below 83.10 or long in the case of a break above 84
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