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AudJpy jets off with weakness across the board on the JPY.

AUDJPY pair has started to add gains to this year by attempting to break above the July 2017 highs.

Technically speaking the pair is already in a higher timeframe longterm uptrend, however if we see a stalling at the current highs we can expect a pullback before AJ continues any further up.

We have three main areas to consider taking profits:

  1. July 2017 highs coupled with prices stalling (current market price).

  2. Price stalling at 90.150 region.

  3. Trend line channel highs at 91.930 region.

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