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AUD/JPY: Fibonacci analysis on 12.11.2015

The price may continue declining.

On the 4-hour chart, the price reached its 3-week high at the level of 87.93 and has started correcting down to the level of 87.33 (61.8% correction). It may continue declining along the 61.8% arc to the level of 86.98 (50.0% correction).

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