AUDJPY Chart Technical Outlook

AUDJPY Chart Technical Outlook achieves the AB=CD target of 96.82
Continued buying pressure has resulted in AUD/JPY achieving the AB=CD formation target of 96.82. We can also note the last move higher completing a bullish Elliott Wave count (5 waves). Although this offers a mild negative bias dips are likely to find buyers close to 95.67. The next upside barrier is trend line resistance at 97.41.

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