Categories: Technical analysis

AUDJPY Wave Analysis – 9 December, 2022

• AUDJPY reversed from support level 91.00

• Likely to rise to resistance level 94.00

AUDJPY recently reversed up from the multi-month support level 91.00 (which has been reversing the price from the start of August).

The support level 91.00 was further strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the extended upward impulse from last February.

Given the predominant uptrend, AUDJPY can be expected to rise further toward the next resistance level 94.00 (top of wave (iv) from last month).

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.

Share
Published by
The FxPro Tech Analysis Team
Tags: AUDJPY

Recent Posts

EURUSD at the equilibrium, where will it go next? 

The single currency is trading near $1.076, waiting for further cues and facing serious resistance…

1 hour ago

Bitcoin can’t accelerate but won’t give up trying

Market picture  The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion,…

6 hours ago

USDJPY Wave Analysis 6 May 2024

- USDJPY reversed from support zone - Likely to rise to resistance level 155.65 USDJPY…

21 hours ago

Gold Wave Analysis 6 May 2024

- Gold reversed from support zone - Likely to rise to resistance level 2400.00 Gold…

21 hours ago

Oil Bounces Locally, Global Support 5% below Spot Price

The number of operating oil rigs in the US fell by 7 to 499. This…

1 day ago

Crypto Market Tries to Break Local Downtrend

Market picture  Crypto market capitalisation has been up 2% over the past seven days and…

1 day ago

This website uses cookies