AUD/JPY broke resistance zone

AUD/JPY broke resistance zone

  • AUD/JPY broke resistance zone
  • Next buy target - 85.00

 AUD/JPY recently broke the resistance zone lying between the key resistance level 83.70 (which has been reversing the price from March) and 38.2% Fibonacci correction of the previous sharp downward impulse from January. The breakout of this resistance zone accelerated the active minor impulse wave C. AUD/JPY is expected to rise further toward the next buy target at the next resistance level 85.00.

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