Categories: Technical analysis

AUDJPY Wave Analysis – 11 October , 2018

  • AUDJPY reversed from support area
  • Further gains are likely

AUDJPY continues to rise after the earlier upward reversal from the support area lying between the key support level 79.00 (which stopped the previous short-term impulse wave 1 at the start of September) and the lower daily Bollinger Band.

The upward reversal from this support area stopped the earlier short-term impulse wave (iii) belongs to the medium-term impulse wave (3) from June.

Given the oversold value of the daily Stochastic indicator, AUDJPY is expected to rise further and re-test the next resistance level 80.50.

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

Bitcoin is holding, while Solana is on the edge

Bitcoin remains stable near $87K, outperforming altcoins, while Solana faces key support at $120. Institutional…

2 hours ago

The dollar’s wings have been clipped

Waller's dovish rhetoric halted the bears' attack on EURUSD. Slowing UK inflation caused the pound…

2 hours ago

Dow Jones Wave Analysis – 17 December 2025

Dow Jones: ⬇️ Sell - Dow Jones reversed from resistance level 49000.00 - Likely to fall…

18 hours ago

Comcast Wave Analysis – 17 December 2025

Comcast: ⬆️ Buy - Comcast broke resistance area - Likely to rise to resistance level 31.00…

18 hours ago

Platinum Wave Analysis – 17 December 2025

Platinum: ⬆️ Buy - Platinum broke resistance level 1800.00 - Likely to rise to resistance…

19 hours ago

Silver Wave Analysis – 17 December 2025

Silver: ⬆️ Buy - Silver broke resistance zone - Likely to rise to resistance level…

19 hours ago

This website uses cookies