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AUDJPY testing resistance, potential drop!

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Australiensisk dollar/Japansk yen (FX:AUDJPY)  
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FX:AUDJPY   Australiensisk dollar/Japansk yen
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY aud jpy audjpylong audjpyshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern audjpy aud jpy audjpylong audjpyshort forex forextrading forexsignals
Price is testing our first resistance at 82.19 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction could occur below this level pushing price down to our major support at 81.14 (horizontal swing low support).
RSI is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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