AUDJPY: ⬇️ Sell
– AUDJPY reversed from key resistance level 101.00
– Likely to fall to support level 99.00
AUDJPY currency pair recently reversed from the resistance zone between the key resistance level 101.00 (which stopped the previous minor impulse wave 1 at the start of October) and the upper daily Bollinger Band.
The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Evening Star Doji – which stopped the previous impulse waves 3 and (3).
Given the strength of the resistance level 101.00 and the overbought daily Stochastic indicator, AUDJPY currency pair can be expected to fall to the next support level 99.00.
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