AUDJPY: ⬆️ Buy
– AUDJPY reversed from key support level 109.00
– Likely to rise to resistance level 110.30
AUDJPY currency pair recently reversed up from the support zone between the key multi-month support level 109.00 (which has been reversing the price from July of 2024, stopping wave (A) in July of 2024, wave 4 in March and wave A in August) and the lower weekly Bollinger Band.
The upward reversal from this support zone started the active short-term correction inside the C-wave of the ABC correction (4) from August.
Given the strength of the support level 109.00, AUDJPY currency pair can be expected to rise further toward the next resistance level 110.30 – former support from October.