Main scenario: consider long positions above the level of 1.3286 with a target of 1.3906 – 1.4100 once a correction is formed. Alternative scenario: breakout and consolidation below the level of 1.328
The Aussie dollar appreciated significantly vs the Yen in the latter stages of 2020 but the formation of a bearish engulfing has put an end to that, perhaps just for now
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