AUD/JPY reversed from resistance area

• AUD/JPY reversed from resistance area
• Next sell target - 83.00

AUD/JPY today reversed down once again from the resistance area lying between the powerful resistance level 84.00 (which has been steadily reversing the price from the end of February, as can be seen below), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from January. AUD/JPY is expected to fall further toward the next sell target at the next support level 83.00 (which reversed earlier wave (ii)).

Dmitry Chernovolov

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