AUD/JPY reversed from resistance zone

AUD/JPY reversed from resistance zone

  • AUD/JPY reversed from resistance zone
  • Next sell target - 84.00

 

AUD/JPY recently reversed down from the resistance zone lying between the pivotal resistance level 84.00 (which has been reversing the price from and the start of March), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp downward impulse from January. AUD/JPY is expected to fall further toward the next sell target at the next support level 82.00. Strong resistance remains at the aforementioned resistance level 84.00.

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