GBP/NZD reversed from resistance zone Next sell target - 1…
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.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
CHF/JPY broke powerful resistance level 115…