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FX.co ★ AUD/JPY profit target reached, prepare to buy on weakness

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Forex Analysis

2017-01-05T06:29:29
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AUD/JPY profit target reached, prepare to buy on weakness

Price has risen nicely and reached our profit target from yesterday. We remain bullish looking to buy on weakness above support at 84.86 (Fibonacci retracement, a horizontal swing low support, Fibonacci projection) for another push up to 85.68.

RSI (34) is also approaching support at 42%.

AUD/JPY profit target reached, prepare to buy on weakness

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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