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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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AUD/JPY holding well above our ascending support, remain bullish

Price is seeing strong support above 88.92 (Fibonacci retracement, ascending support) and we expect to see price continue on its bullish trend by making a push up to 89.79 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (34,3,1) is seeing strong support above 5% and we expect a bounce above this level.

Buy above 88.92. Stop loss at 88.50. Take profit at 89.79.

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The material has been provided by InstaForex Company - www.instaforex.com