AUD/JPY – Building Up For A Breakout (One Way Or Other)

Stalling near the top of its 2-month range, we’ve not given up on the potential for AUD/JPY to roll over. Yet the longer it stays stuck near its highs, the potential for a bullish breakout could increase. This makes the 78.90-79.80 range of vital importance, as a breakout it could signal its next momentum move.

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