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AUD/JPY analysis

The Moving average and trend line analysis tell us that market of AUDJPY has the strong possibility to go up. So buyers should be alert there and should take an entry at 88.98 and the target point will be at 90.13.

audjpy-d1-instaforex-group.png
 
According to the daily chart, clearly, it’s a bullish trend! Here, I am also waiting for buy trade. Maybe on upcoming Monday, I am going to open a new buy trade if I don’t see any initial interest from the sellers.
 
Last week, I lost here 45 pips, this is way, in this week I am not interested to use AUDJPY trading pair! Basically, I am waiting to breaking the daily range then I will go for buy trade according to my personal trading system.
 
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