The escape of the Bull flag indicates a resumption of the rally from the low of October 26



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  • The AUD / JPY closed at 83.04 yesterday, confirming a bullish flag exit on the daily chart. The bullish continuation pattern indicates that the recovery after October 26, 78.56, has resumed and could have opened the doors at 87.00 (target according to the measured height method).
  • The breakout of the bull on the AUD / JPY cross – a global risk barometer – could allude to a "Santa Claus rally" of global stocks.
  • At the time of the press, the pair is reporting moderate losses at 82.83, likely due to a lower than expected CAPEX T3 release.
  • The bullish outlook would be invalidated if the JPY cross was accepted below the 20-day rising bullish average of 82.16.

Daily table

Trend: Bullish

AUD / JPY

Overview:
Today Last Price: 82.87
Today Change daily: -20 pips
Daily Change Today%: -0.241%
Today open daily: 83.07
Tendencies:
Daily previous SMA20: 82.1
Daily previous SMA50: 81.16
Daily previous SMA100: 81.29
Daily previous SMA200: 81.91
levels:
Best Everyday Previous: 83.2
Previous Daily Minimum: 82.16
High of the previous week: 82.64
Previous weekly low: 81.2
Best Previous Month: 82.5
Previous Month Low: 78.56
Previous Daily Fibonacci 38.2%: 82.8
Daily Fibonacci previous 61.8%: 82.56
Daily pivot point previous S1: 82.42
Daily pivot point previous S2: 81.77
Daily pivot point previous S3: 81.38
Previous Daily Pivot Point R1: 83.46
Previous Daily Pivot Point R2: 83.85
Previous Daily Pivot Point R3: 84.5

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