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AUDJPY currency pair recently broke the support trendline from the end of January. The breakout of this support trendline accelerated the active minor impulse wave C – which belongs to the intermediate ABC correction (2) from the middle of July. Given the strongly bullish yen sentiment seen across the FX markets today, AUDJPY currency pair can then be expected to fall further toward the next support level 92.000 (target price for the completion of the active intermediate correction (2)).
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