AUD/JPY falling inside minor C-wave

AUD/JPY falling inside minor C-wave

2019-11-11 • Updated

  • AUD/JPY falling inside minor C-wave
  • Next sell targets - 85.70 and 85.00

AUD/JPY continues to fall inside the minor C-wave of the intermediate ABC correction (4) - which started earlier from the resistance zone surrounding the resistance level 89.50. The price recently broke the support trendline of the sharp daily up channel from the start of June – which strengthened the bearish pressure on this currency pair. AUD/JPY is expected to fall further to next sell target at the next support level 85.70 (low of wave 4) – the breakout of which can lead to further losses toward 85.00 (former resistance from June).


Aussie Selloff Ahead?
Aussie Selloff Ahead?

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.

Latest news

Bitcoin 2024: The Story Is Cyclical
Bitcoin 2024: The Story Is Cyclical

In the dynamic world of financial trading, understanding the nuanced relationship between the Federal Reserve's key interest rates and Bitcoin can be a game-changer…

Will NFP Be Positive for the US Dollar?
Will NFP Be Positive for the US Dollar?

As the US Non-Farm Payrolls (NFP) take center stage, this month's data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs...

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera