AUDJPY currency pair corrects declines from last week and just got to the resistance near the level 79.50. There also appeared candle formation in the form of a pin bar. It is not one too eloquent and not make false of issue of the said resistance.

But if there was some additional confirmation back to the falls, you can consider buying PUT options in anticipation of further landslide. On the other hand, closing prices above resistance, open the way to the next level near 80.50.


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