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|Weekly forecast||Australian Dollar / Japanese Yen technical chart|
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (76.10 to 76.85). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
While the price is above the level 75.50, the probability of beginning of downtrend is too weak, so we would enter the market with sell trades based on Daily-Trading-Opportunities and a day close price below 75.50 and expect to reach short-term targets.
|Date||September 21, 2020 - 22:18|
|Forecast||beginning of downtrend|