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AUD/JPY technical analysis: ‘looks poised’ for higher

AUD/JPY chart and commentary from a Société Générale weekly note AUD/JPY confirmed a bullish reversal after breaking above a multi-year down-sloping channel last year. After facing an interim hurdle near the January 2014 levels of 88.50/89.00, it has witnessed a pause. Last month, it formed a bullish engulfing encompassing the price action of the previous six months.