AUD/JPY Ascending Triangle Pattern in Daily Chart

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By Deya Hroob

audjpy

This trade set up is based on daily chart.

 AUD/JPY has formed an ascending triangle. This is a continuation pattern. However, you shouldn't take this as a guarantee, you have to follow the market.

 I have two buying areas. Firstly, on the uptrend line OR on the breakout of the resistance line.

 My targets are 77.40 , 78.00

 In the flip side, any breakout of the trend line may take the pair to the 50-day EMA .

 Trade Wise and Good Luck, 

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