AUD/JPY reached buy target 84.50

AUD/JPY reached buy target 84.50

  • AUD/JPY reached buy target 84.50
  • Next buy target - 85.50

AUD/JPY continues to rise after the recent breakout of the resistance level 84.50, which reversed the previous waves (1) and B and was set as the buy target in our previous forecast for this currency pair. The breakout of the resistance level 84.50 is likely to accelerate the active minor impulse wave 3, which belongs to the intermediate impulse (3) form the middle of May. AUD/JPY is expected to rise to the next buy target at the next resistance level 84.50 (top of the previous minor correction 2 and the target price for the completion of the active impulse wave 3).



EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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