On the AUDJPY daily chart, we can see that the pair is going for a test of the strong upside resistance 100 SMA (red line) 87.028 level. This is also the level of the previously broken uptrend line. Strong downside support and the upside resistance. The clear daily close above 87.028 and the confirmation is required for an upside continuation.
Note: wait for a reaction at this inflection point for both long/short trade entries.
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