AUDJPY breaking descending trendline , further rise expected !

Long

Australian Dollar / Japanese Yen (FX:AUDJPY)

FX:AUDJPY Australian Dollar / Japanese Yen

trendanalysis harmonicpatterns chartpattern aud jpy audjpy forexsignals

AUDJPY is breaking above our descending trendline and is testing our upside confirmation where the 23.6% fib retracement and 78.6% fib extension are. If price could break above, it could rise further towards our 1st resistance at 75.416 where the 50% fib retracement are. Note that EMA is also showing signs of bearishness for price.

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