AUDJPY DAILY CHART

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Price has been currently playing around the current support level for the past 2 days.Looking at the candlesticks we can see that the bears are exhausted as they are failing to break that support which is gibing us a strong reason for us to ride in with the bulls.I see a strong bull movement,although we might not reach our 420 pips as 1st target we have options ,which is to take our profits at the descending trend-line.

Penafian

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