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AUD/JPY reversed from support zone

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  • AUD/JPY reversed from support zone
  • Next buy target - 82.60

 AUD/JPY recently reversed up from the support zone lying between the powerful support level 80.60 (which also reversed the price in March) and the lower daily Bollinger Band. The upward reversal from this support zone lying started the active intermediate impulse wave (3). Given the oversold daily Stochastic, AUD/JPY is expected to rise further toward the next buy target at the next resistance level 82.60.

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