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AUD/JPY retreats from fresh 18-month high

FXStreet (Córdoba) - AUD/JPY turned negative for the day, erasing daily gains. Earlier climbed to 102.38, reaching the strongest levels since May 2013 but then reversed and moved to the downside.

Recently printed a fresh low at 101.22 and ahead of Wall Street opening, holds an intraday bearish tone. On a wider perspective the trend remains bullish.

AUD/JPY technical level

To the downside, immediate superior lies at 101.20 (daily low, november 13 high) and below here at 101.00, 100.70 and 100.55. To the upside, immediate resistance might lie at 101.60 and then at 101.90 and 102.40 (daily high).

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