What happened? Japanese shares fell on Monday…
AUD/JPY broke key support level 82.00
2019-11-11 • Updated
- AUD/JPY broke key support level 82.00
- Next sell target - 80.00
AUD/JPY recently broke through the key support level 82.00 (which stopped the previous minor impulse wave 1 earlier this month). The breakout of the support level 82.00 accelerated the active minor impulse wave 3 which belongs to the intermediate impulse wave (2) from the start of January. AUD/JPY is likely to fall further toward the next sell target at the next support level 80.00 (forecast price for completion of wave 3).
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
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