EUR/USD: 'High Wave' points to decline
The market is likely going to test the 34 Moving Average. If a pullback from this line happens next, bulls will probably try to reach...
AUD/JPY reached buy target 84.00
- AUD/JPY reached buy target 84.00
- Next buy target - 84.50
AUD/JPY continues to rise after the recent breakout of the resistance level 84.00 (which was set as the buy target in our earlier forecast for this currency pair). The breakout of this resistance level follows the earlier breakout of the resistance trendline of the well-formed daily Triangle from March – which accelerated the active impulse wave 3, which belongs to the intermediate impulse wave (3) from the middle of May. AUD/JPY is expected to rise to the next buy target at the next resistance level 84.50 (top of waves (1) and B).
Dmitry Chernovolov
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