Technical levels of AUD/CAD
AUD/JPY broke resistance area
- AUD/JPY broke resistance area
- Next buy target - 88.00
AUD/JPY recently broke through the resistance area lying at the intersection of the resistance level 86.50, resistance trendline of the daily down channel from September and the 50% Fibonacci correction of the previous ABC correction (B) from September. AUD/JPY is expected to rise to the next buy target at the next resistance level 88.00 (target price for the completion of wave 3 and the top of the previous minor correction (ii) from November).
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...