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AUDJPY Trades Near Important Horizontal Resistance

Discussion in 'Technical Analysis' started by Kaitlin, Dec 1, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Following its reversal from 86.30, comprising 23.6% Fibonacci Retracement of its June – August downside, the AUDJPY managed to follow short-term rising trend-channel, which fueled the pair towards highest levels in more than three months on Monday. However, the pair couldn't surpass the 89.40-60 horizontal resistance area, including the lows[​IMG]

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