What happened? Japanese shares fell on Monday…
AUD/JPY rising inside minor impulse wave 3
2019-11-11 • Updated
- AUD/JPY rising inside minor impulse wave 3
- Next buy target - 84.00
AUD/JPY continues to rise inside the minor impulse wave 3 which recently reversed up from the support level 82.00 (previous resistance level which stopped the earlier minor impulse wave 1 in June, as can be seen below). The active minor impulse wave 3 belongs to the intermediate impulse wave (3) from last month. AUD/JPY is expected to rise further toward the next buy target at the next resistance level 84.00.
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
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