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AUDJPY FAKEOUT AND BREAKOUT

Short
OANDA:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY has been travelling inside of a descending channel . Price reached a major support zone , started making its way up and even broke out of the channel to the upside until it dropped back into the channel causing a fakeout, broke below the support zone . Now we are just waiting for this newly made resistance zone to be retested before price drops to the very bottom of the channel it has been travelling in.

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