positionforex

AUD/JPY bounce coming?

FX:AUDJPY   澳元/日元
The AUD/JPY rally from 10/16 to the 11/21 peak was remarkable but since then price has been selling. From a fundamental stand point both currencies have reasons to weaken however the Japanese have acted more decisively in weakening their currency.

Price is now sitting on a potential line of support. Will the bounce come here and send price over 100 and beyond?

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