AUD/JPY broke resistance area

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).

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