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AUDJPY News

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Last Updated Date: 17 May 2022 @ 10:13 AM (UTC)
*Please note that all the dates are in GMT time zone

The AUDJPY market is short term up and holds potential for a move to 91.76. Despite Friday’s back off, trade is positioned for pressing rallies and close over last week’s high could spark advances. Corrective dips and congestion holding 90.17 should quickly return to rallies. Closes under 87.90 and 87.30 are needed for a short term peaking turn for retracement selloffs.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.