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Add as a preferred source on Google FxWirePro: AUD/JPY breaks above 200-DMA, good to go long on dips AUD/JPY above 80 handle after upside breaks major resistance at 79.95 (200-DMA). Technical studies support upside in the pair, scope for test of 81.50 levels. Weakness only below 20-DMA at 79.33, violation there could se…
By FxWirePro Team Nov 7, 2016, 6:54 AM UTC
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AUD/JPY above 80 handle after upside breaks major resistance at 79.95 (200-DMA).
Technical studies support upside in the pair, scope for test of 81.50 levels.
Weakness only below 20-DMA at 79.33, violation there could see drag upto 77.85 (rising trendline).
Major support levels - 79.95 (200-DMA), 79.42 (5-DMA), 79.33 (20-DMA), 78.85 (Nov 4th low)
Major resistance levels - 80.31 (Oct 26 low), 80.63 (Nov 1 low), 81, 81.50 (trendline)
Recommendation: Good to long dips around 80, SL: 79.30, TP: 80.60/ 81/ 81.50
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