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AUD/JPY 08/10/18 | EconAlerts

Technical Analysis – AUD/JPY approaches 2-year low

AUD/JPY in sharp sell-off in short-term; approaches 2-year low. AUD/JPY has come under sharp selling pressure following the pullback on the 82.50 resistance level in the preceding week. Moreover, despite that, the 20- and 40-simple moving averages (SMA) posted a bullish crossover, the price slipped below them and continues the negative movement. Looking at daily

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