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October 06, 2023 @ 21:56 +03:00
– AUDJPY reversed from support level 93.00
– Likely to rise to resistance level 96.00
AUDJPY currency pair recently reversed up from the key support level 93.00 (former monthly high from February) coinciding with the 38.2% Fibonacci correction of the upward impulse from March.
The upward reversal from the support level 93.00 started the active short-term impulse wave 3.
Given the strengthening yen sales, AUDJPY currency pair can be expected to rise further toward the next resistance level 96.00 (which reversed the pair last month).