On the AUDJPY daily chart, we can see that the pair is breaking above the near-term wedge line 86.400 level and is reaching the previously broken uptrend line. We expect a test of 87-87.500 zone for an upside extension and continuation. The break above this zone would mean that the downside extension is invalidated.
Note: look for the long trades with the SL just below the 85.600
Happy trading! (click on the chart to enlarge it)
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