AUD/JPY rising inside minor corrective wave (ii)

AUD/JPY rising inside minor corrective wave (ii)

  • AUD/JPY rising inside minor corrective wave (ii)
  • Next buy target -79.00

AUD/JPY continues to rise inside the minor corrective wave (ii) which started earlier from the support zone lying between the key support level 82.00 (which reversed the earlier corrections 2 in May) and the lower daily Bollinger Band. The upward reversal form this support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing. AUD/JPY is expected to rise toward the next buy target at next resistance level 79.00.



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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