Categories: Technical analysis

AUDJPY Wave Analysis – 13 June, 2022

• AUDJPY reversed from resistance level 95.66
• Likely to fall to support level 92.00

AUDJPY currency pair recently reversed down from the strong resistance level 95.66 (which stopped the multi-month uptrend in April), coinciding with the upper daily Bollinger Band.

The downward reversal from the resistance level 95.66 created the daily Japanese candlesticks reversal pattern Bearish Engulfing.

AUDJPY can be expected to fall further toward the next support level 92.00 (target price for the completion of the active correction 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.

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The FxPro Tech Analysis Team
Tags: AUDJPY

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