AUDJPY is Moving In The Bullish Trend Channel
Burc Oran
December 11, 2020
AUDJPY | Hourly Chart
AUDJPY | Hourly Chart

AUDJPY is maintaining its strong look after the price broke 77 resistance. For the short-term, the upper band of the bullish trend, 77.660 can be key resistance. Below this level, 78.130 and 77.425 can be targeted. If the price breaks the upper band, %150 and %200 levels of the trend may become appropriate resistance levels for the upward moves.

In the next week, BOJ’s (Bank of Japan) decisions may increase the volatility of the AUDJPY.

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