AUDJPY Wave Analysis – 20 August, 2020

• AUDJPY reversed from resistance level 76.45

• Likely to fall to 75.00

AUDJPY recently reversed down from the key resistance level 76.45 (which has been reversed the price from the end of December) – coinciding with the upper daily Bollinger Band.

The downward reversal from the resistance level 76.45 continues the active short-term impulse wave (i) from the middle of July.

AUDJPY is likely to fall further toward the next support level 75.00 (former resistance level from the start of July).