Technical analysis
AUDJPY Wave Analysis – 24 January, 2023
January 24, 2023 @ 21:17 +03:00
![AUDJPY Wave Analysis – 24 January, 2023 AUDJPY Wave Analysis – 24 January, 2023](https://fxpro.news/wp-content/uploads/2021/09/forex-44.jpg)
• AUDJPY reversed from key resistance level 92.00
• Likely to fall to support level 90.00
AUDJPY currency pair recently reversed down from the key resistance level 92.00 (which stopped the two of the previous minor waves -1 and b) intersecting with the upper daily Bollinger Band and the 50% Fibonacci correction of the previous sharp downward impulse from October.
The downward reversal from the resistance level 92.00 stopped the earlier minor impulse wave 3 of wave (C) from December.
Given the strength of the resistance level 92.00, AUDJPY currency pair can be expected to fall further toward the next round support level 90.00.
![](https://fxpro.news/wp-content/uploads/2023/01/audjpy-primary-analysis-jan-24-1901-pm-1-day-1024x474.png)