Technical analysis

AUDJPY Wave Analysis 19 February, 2021

AUDJPY Wave Analysis 19 February, 2021

• AUDJPY broke resistance level 82.30

• Likely to rise to resistance level 84.00

AUDJPY currency pair recently broke the minor resistance level 82.30 (which stopped the previous minor impulse wave (iii) earlier this month).

The breakout of the resistance level 82.30 is aligned with the active short-term impulse waves (v) and 3 of the medium-term impulse wave (3) from January.

AUDJPY can be expected to rise further toward the next resistance level 84.00 (target for the completion of the active impulse waves (v) and 3).

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