Categories: Technical analysis

AUDJPY Wave Analysis – 21 June, 2021

• AUDJPY reversed from support zone

• Likely to rise to resistance level 84.00

AUDJPY recently reversed up from the support zone lying between the key support level 82.33 (which has been reversing the price from February) and the lower daily Bollinger Band.

This support zone was further strengthened by the 50% Fibonacci correction level of the previous upward impulse from January.

AUDJPY can then be expected to rise further toward the next resistance level 84.00 (former monthly low from the middle of May)

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Crypto Market Retreats Due to Overhang of Sellers

Market picture The crypto market has lost 3.3% in the last 24 hours to $2.3…

6 hours ago

USDJPY Wave Analysis 26 April 2024

- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…

3 days ago

Ebay Wave Analysis 26 April 2024

- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…

3 days ago

False Alert with Yen Interventions?

Even though the Bank of Japan left the key rate and parameters of the QE…

3 days ago

Cooler Bitcoin

Market picture  Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…

3 days ago

GBPCAD Wave Analysis 25 April 2024

- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…

4 days ago

This website uses cookies