– AUDJPY reversed from key support level 97.20
– Likely to rise to resistance level 98.50
AUDJPY currency pair recently reversed up from the key support level 97.20 (which stopped the previous minor corrections iv and a, as can be seen below) coinciding with the lower daily Bollinger Band.
The support level 97.20 was strengthened by the 50% Fibonacci correction of the upward impulse 1 from the start of February and by the support trendline from December.
Given the clear daily uptrend and the bearish yen sentiment, AUDJPY currency pair can be expected to rise further toward the next resistance level 98.50.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies