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AUD/JPY Potential Move Upward

Long
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
CollegeofPips  
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Support and Resistance Supply and Demand Fibonacci Forex Technical Analysis priceaction topdownanaylisis Fibonacci Retracement reversal marketstructure
8
4
supportandresistance supplyanddemand fibonacci forex technicalanalysis priceaction topdownanaylisis fibonacciretracement reversal marketstructure
💡 Trade Idea

📉 Buy Limit AUD/JPY @ 75.81

🎯 Target Profit 76.47

🛑 Stop Loss 75.49

❌ Do not risk more than 1% of your account on each trade

🙂 Good Luck!

The price manages to break the downtrend, and currently is holding on the 75.81 level. Our expectation is a small correction towards this level, and from there an upward movement towards the 76.47 mark.

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