AUDJPY has broken out of a consolidation zone (where it was consolidating for over a week), and now appears to be retesting the zone. Bulls can look to open a long position if and when price successfully rejects off of the zone and starts gaining bullish momentum. A break back into the the consolidation zone could mean price will be heading down, if it can break the supportive trendline.
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Be sure to follow me for more ideas and analyses. Leave a comment with your thoughts below, all input is appreciated.
Best of luck traders!