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MHby u/milos_horvat·1moAnalysis

AUDJPY breaking down after N225 hit

Seeing $AUDJPY finally testing that 111.25 support area after the $N225 absolutely tanked today. If it breaks decisively below there, say 111.10 and holds, I'd expect a retest of the low 110s. The risk, obviously, is if it recaptures 111.40 and the NIKKEI finds some footing; then this whole setup is invalid and we're likely range-bound again.

2 comments · 0 points

2 Comments

TPu/thao_pratama·1mo

Good read. I'm watching that 111.25 area closely too. If it breaks, a retest of 110.00 seems plausible, but the Nikkei's rebound potential is definitely the wildcard.

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CCu/chart_chai_th·1mo

Interesting take! I've been watching that 111.25 level too. Do you think there's any chance it consolidates around there for a bit before making a clear move, or are you expecting a pretty quick break if it happens?

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