AUDJPY: ⬆️ Buy
– AUDJPY reversed from support area
– Likely to rise to resistance level 114.00
AUDJPY recently reversed from the support area between the support level 111.45 (former resistance from February), 20-day moving average and the 38.2% Fibonacci correction of the upward impulse from February.
The upward reversal from this support zone continues the active impulse waves 3 and (5).
Given the strong daily uptrend, AUDJPY can be expected to rise to the next resistance level 114.00 (which reversed the pair at the start of March).