AUDJPY Wave Analysis – 26 March, 2019

• AUDJPY reversed from support area
• Further gains are likely

AUDJPY recently reversed up from the support area lying between the key support level 77.50 and the lower daily Bollinger Band.

If the price closes today near the current levels it will form the daily Japanese candlesticks reversal pattern Morning Star.

AUDJPY is expected to rise further and re-test the next resistance level 79.70 (which has been reversing the price from the start of February).