AUDJPY technical analysis.


Market (21 below 55) is flat. Price (5 above 8) is flat. Stochastic is overbought and moving sideways. Resistance levels at WM3/MPP, WR1 and WM4. Support levels at 88.0/WPP, WM2 and WS1/87.50. Price has been making higher highs and higher lows and Bulls will be looking to buy at 88.0/WPP which will be the next higher high/previous resistance. Price has found resistance at WM3 and Bears will be looking to push price down to the weekly Bears profit target WM1.

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