AUD/JPY recovery lacks traction, good to stay short on upticks

  AUD/JPY is trading at 78.110, up 0.40% at 1130 GMT. The pair was rejected at 110-EMA and is extending weakness. Price action has slipped below 50-DMA and has broken into daily cloud. Momentum is with the bears, upside in the pair lacks traction. Immediate resistance is seen at 5-DMA at 78.49, break above eyes […]
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