AUDJPY had formed a double top chart pattern and broke the neckline and changed structure to the downside. The pair has recently formed a double bottom chart pattern and has broke the neckline and retested of the neckline to form a new trend to the up-side.The retest touched the 38.2 fib retracement zone and is looking to spike up to continue the up trend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.