AUDJPY Chart Technical Outlook

AUDJPY Chart Technical Outlook holds within a bullish channel, with trend line resistance at 97.75* We have seen choppy price action for the last 56 days. This has resulted in a bullish channel formation being posted on the daily chart. Time cycle analysis highlights the next bullish trend. The projected channel top is located at 97.75. With this being close to the previous swing high from June 19 at 97.68, this would be the prime level to get short. Expect trading to remain mixed and volatile while inside this formation.

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