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November 19, 2024

AUD/JPY Price Forecast: Tests 100.50, nine-day EMA amid potential momentum shift

The AUD/JPY cross remains relatively flat around 100.50 during the Asian trading session on Tuesday, following a nearly 1% gain in the previous session. An analysis of the daily chart suggests a potential shift in momentum from bearish to bullish as the pair seeks to break above the nine-day Exponential Moving Average (EMA).

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