Participant

Australian dollar seems to be strengthening against all major currencies, and the Yen is no exception. On the day chart you can see a bullish rectangular formation, which includes a bounce off the Cloud after having broken through it. The DMI is on the up side and the ADX line is gaining momentum while reaching the level of 20. The weekly chart shows price bounced off its support line for weeks ago with a double bottom, its finding some resistance in the Ichimoku cloud, so it may not break into higher levels until next week. I think Target for this rally is around 98.200 going into next week.

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