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> Technical Analysis 2017.09.05 – AUD/JPY Risk-off Majors Boosts Safe Havens
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Technical Analysis 2017.09.05 – AUD/JPY Risk-off Majors Boosts Safe Havens

STO

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On the four hour chart the Kijun-sen is merging with the Tenkan-sen and they both have a horizontal vector. The Chikou Span confirmative line is over the chart, showing an ascending cloud. The pair’s price is pushing towards the upper limit of the Ichimoku cloud. Its most proximate support level also is the upper limit of the cloud set at the price level of 86.550. The most proximate resistance is delineated by Kijun-sen at 87.408.

The daily shows the Kijun-sen below the Tenkan-sen both have a horizontal vector. The Chikou Span confirmative line is is under the chart, indicating towards an ascending cloud. The pair’s price is currently in the cloud. Proximate support is the bottom border at 85.532. The most proximate resistance set at the bottom border at 87.688.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/technical-analysis-20170905-audjpy-risk-off-majors-boosts-safe-havens/?camp=24219
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