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Technical Update - AUDJPY clsing in on strong resistance at 98.2

Australian Dollar / Japanese Yen (SAXO:AUDJPY)  
Saxo Broker  
SAXO:AUDJPY   Australian Dollar / Japanese Yen
Technical Indicators Chart Patterns Trend Analysis Forex jpy AUDJPY
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indicator chartpattern trendanalysis forex jpy audjpy
The AUDJPY pair is approaching strong resistance and the 0.618 retracement at around 98.20. A daily close above this level could fuel a rally towards the February peak at 99, with potential up to 100, especially if the RSI supports the bullish view.

If rejected at the resistance, AUDJPY is likely to slide back to 97
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