Technical levels of AUD/CAD
AUD/JPY reversed from resistance zone
- AUD/JPY reversed from resistance zone
- Next sell target - 80.60
AUD/JPY continues to fall inside the short-term corrective wave 4 which started earlier from the resistance zone lying between the powerful resistance level 84.00 (which has been reversing the pair from March, as can be seen from the daily AUD/JPY chart below) and the upper daily Bollinger Band. AUD/JPY is expected to fall further toward the next sell target at the next support level 80.60 (multi-month low from March and June).
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...