FX:AUDJPY   Australian Dollar / Japanese Yen
Currently within the distribution phase and along this phase we have a complete descending three drives pattern. With the pattern in place and current candlestick being bullish engulfing, sellers are certainly taking control. However, initially price tested the 91.798 imbalance and respected it, now we are looking forward for price to violate the area and reach the ultimate significant area below, here we target prices 91.000 and 90.821…

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