Situation on AUD/JPY on the daily chart is very readable. The price has been moving for a long time in bearish channel, inside which there are nice, long swings. We are currently witnessing a strong demand response at the bottom edge. The price has a problem with going lower below the previous minimum, as evidenced by a series of long, lower, candle shadows. One of the reasons for the reaction was a positive surprise regarding the change of employment in Australia. The shapes of the candles and the arrangement inside the channel suggest that there may be a reflection.

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