AUD/JPY: Short term downtrend to levels of key support 82, when the price jumped back above her.
Bullish formation on 82.00 – Hammer – Bullish reversal and another Hammer again on 82.00
These bars are with long low shadows which indicates bulls are powerful in this zone and the movement in the end was inertial.
Now the price pass above last peak on тthe previous bar level – 81.75, – positive signal.
Stoch is in bullish formation
Price above 5 EMA, RSI is above 30 – positive signal
Stefan D. Angelov - Head of Stocks Trader
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