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- AUD/JPY has broken major trendline resistance at 83.25 levels.
- The pair has taken out 84 handle to hit fresh 7-month highs of 84.62.
- Technical studies are highly bullish bias, we see scope for further gains.
- Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-finds-major-resistance-at-8325-break-above-to-target-8630-418340) has hit TP1.
Recommendation: Bias higher, recommend holding for targets.
FxWirePro's Hourly AUD Spot Index was at 125.954 (Highly bullish), while Hourly JPY Spot Index was at -88.4604 (Slightly bearish) at 0530 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
