Currently, AUD/JPY is trading at 75.97. The pair started a new up trend after breaking the resistance level at 75.07. Previously, the price was trading in an ascending triangle pattern. The pair has already started a new up trend by breaking the resistance level , so its first target price is at 75.98 and the second target price is at 76.54. The price has already touched its first target price and can hit the second target.
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Thank you,
Rishikesh Lilawat
Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.
