AUDJPY recently reversed down from the resistance area lying between the resistance level 72.70 and the 38.2% Fibonacci correction of the previous downward impulse (iii) from July.
The downward reversal from this resistance zone completed the previous ABC correction (ii) – which belongs to the medium-term impulse wave (C) from April.
AUDJPY expected to fall further and retest the next support level 71.00 (low of the previous impulse wave (iii)).
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