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AUD/JPY analysis, trading idea, and chart

18.11.2022

Market Review

The currency pair trades in the lower bound range of the ascending price channel. There is a bullish divergence on the Awesome Oscillator. An entry point is forming with the B wave bounce.

Trading idea:

Buy when 93.99 is breached.

Stop Loss: 93.14.

Target levels: 94.64; 95.43.

Author: GC
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