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AUD/JPY Price Analysis: Turns lower from 50-day MA, potential H&S pattern on 1H
AUD/JPY faces rejection near key moving average hurdle.
The pair is forming a head-and-shoulders (H&S) pattern on the hourly chart.
AUD/JPY is trading near 68.90, representing a 0.30% decline on the day, having faced rejection near the descending or bearish 50-day average hurdle at 69.16.
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