Category: AUDJPY
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Chart Art: Can AUD/JPY Sustain Its Breakout Momentum?
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Did you miss this triangle breakout on AUD/JPY? It is possible that the pair is in a rapid decline before gaining momentum during its ascent! Or is the momentum already fading? Either way, check out the inflection points I’m seeing on the hourly chart: AUD/JPY 1 Hour Forex Chart by…
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TA of the Day: Carry Trade Unwind Crushes AUD/JPY! What’s Next?
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the Japanese Yen The pound is currently at its highest level in two and a half months, thanks to traders liquidating their bets against it ahead of the Bank of Japan meeting next week. With the recent sharp decline in global stock markets, market participants have moved away from riskier…
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FX Watch: How High Can AUD/JPY Fly Ahead of Australia’s CPI?
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AUD/JPY is hitting a major technical resistance area ahead of the monthly CPI release in Australia! In case you missed the latest overall market summary, you should know that traders are riding a risk-friendly wave as traders price in potential interest rate cuts by major central banks like the Federal…