Either a rebound or a breakout imminent on AUDJPY
AUDJPY is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of AUDJPY to test 80.6570 within the next 10 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
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