Cross-rates signals: cross AUD / JPY tends to decrease

The previously published situation on the AUD / JPY cross was slightly clarified due to the repeated support test 0.8080. Transactions for sale should be considered in the range from 80.80 to 80.50. An additional factor to the decline is the formation of the figure “head and shoulders.” The targets are support levels: 80.00 and 79.60. At the same time, this movement may cause an emergence of a downward trend.

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Hanzenko Anton