AUD/JPY at major resistance, prepare to sell

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Price reached our profit target from previously. We prepare to sell again below 81.91 major resistance (Fibonacci projection, horizontal resistance) for a further push down to 80.27 once again.

RSI (34) remains below major resistance at 62% which is capping any bullish movement.

Sell below 81.91. Stop loss at 82.65. Take profit at 80.27.

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The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex

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