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AUD/JPY: Rising Wedge Break?

AUD/JPY: Rising Wedge Break?

Currently, AUD/JPY is @ 89.22 just out of a rising wedge which is a reversal pattern. IF we can break this support we are looking for a move to the 0.382 Fibo @ 88.75 and then to the 0.618 Fibo @ 87.91. The average daily true range (ATR) for the pair currently is 90 pips.


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