Big movement expected on AUDJPY

AUDJPY has broken through a line of 84.8190 and suggests a possible movement to 85.4858 within the next 19 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 25 days.

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