What happened? Japanese shares fell on Monday…
AUD/JPY falling inside intermediate impulse wave (3)
2019-11-11 • Updated
- AUD/JPY falling inside intermediate impulse wave (3)
- Next sell target -81.10
AUD/JPY has been falling in the last few trading sessions inside the intermediate impulse wave (3) – which started earlier from the resistance area surrounding the major multi-month resistance level 84.00 (which has been reversing the price from March). Having recently broken the support level 82.60 - AUD/JPY is expected to fall further toward the next sell target at the next support level 81.10 (low of wave B).
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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