AUDJPY: ⬇️ Sell
– AUDJPY broke support level 90.00
– Likely to fall to support level 88.00
AUDJPY currency pair recently broke the round support level 90.00 (former multi-month low from August) intersecting with the support trendline of the daily down channel from November.
The breakout of the support level 90.00 accelerated the minor impulse wave 3 of the intermediate impulse wave (3) from November.
Given the strongly bullish yen sentiment and long-term downtrend, AUDJPY currency pair can be expected to fall to the next support level 88.00 (target price for the completion of the active impulse wave 3).
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