AUD/JPY: 4-hour
AUD/JPY is showing some hesitation in its attempt to break past the 96.00 barrier and it just might pull back to the resistance turned support at 93.00. Stochastic is still pointing down, indicating that there’s enough selling pressure to spark a retracement. Watch out for reversal signals around the 38.2% Fib and 100 SMA, as these could also act as support.
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