Categories: Technical analysis

AUDJPY Wave Analysis – 05 August, 2020

• AUDJPY reversed from key support level 75.00

• Likely to rise to 76.70

AUDJPY recently reversed up from the key support level 75.00 (former strong resistance level, which reversed the price in the middle of June and also at the start of July – as can be seen below).

The upward reversal from the support level 75.00 continues the clear multi-month uptrend inside which the pair has been moving since March.

AUDJPY is likely to rise further toward the next resistance level 76.70 (top of the previous waves A and (2)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: AUDJPY

Recent Posts

GBPUSD Wave Analysis 27 December 2024

- GBPUSD reversed from support level 1.2495 - Likely to rise to resistance level 1.2625…

16 mins ago

EURUSD Wave Analysis 27 December 2024

- EURUSD reversed from powerful support level 1.0350 - Likely to rise to resistance level…

17 mins ago

WTI Wave Analysis 26 December 2024

- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…

22 hours ago

AUDUSD Wave Analysis 26 December 2024

- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…

23 hours ago

Nasdaq 100 Wave Analysis 23 December 2024

- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…

4 days ago

USDJPY Wave Analysis 23 December 2024

- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…

4 days ago

This website uses cookies