AUDJPY – Corrective formation to the downside

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Monthly: Holding within an Expanding Wedge formation than has a bias to eventual break to the upside. Bespoke resistance is seen at 85.15 Weekly:  Holding within a bearish corrective channel formation after completing a bullish 5-wave count (Elliott Wave). Levels close to the 61.8% pullback of 79.27 (from 72.45-90.30) have found buyers. Trend line resistance is located at 83.75, support at ...

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