An image is worth a thousand words… please take a look at the next AUDJPY chart:
Looks like the AUDJPY has plenty of upward pressure around that support level, it might be heading for the next LT weekly level which is at 84.96 (the AUDJPY is trading at 77.35 right now), so there is a long way before way to go.
Remember I’m talking about the weekly chart, it could take a while before the AUDJPY hits that level.
Tags: AUDJPY Analysis
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