- AUDJPY broke resistance zone
- Likely to rise to resistance level 98.00
AUDJPY currency pair recently broke the resistance zone between the resistance level 95.30 (which has been reversing the price from March) and the 38.2% Fibonacci correction of the downward impulse from July.
The breakout of this resistance zone continues the active impulse wave 3, which belongs to the intermediate impulse wave (C) from May.
Given the strongly bearish yen sentiment seen across the FX markets today, AUDJPY currency pair can be expected to rise to the next resistance level 98.00 (target price for the completion of wave 5).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
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Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.