AUDJPY Wave Analysis – 26 March, 2019

AUDJPY reversed from support area
Further gains are likely

AUDJPY recently reversed up from the support area lying between the key support level 77.50 and the lower daily Bollinger Band.

If the price closes today near the current levels it will form the daily Japanese candlesticks reversal pattern Morning Star.

AUDJPY is expected to rise further and re-test the next resistance level 79.70 (which has been reversing the price from the start of February).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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