Technical levels of AUD/CAD
USD/JPY broke support area
- USD/JPY broke support area
- Next sell target - 110.50
USD/JPY continues to fall inside the accelerated minor impulse wave 3 – which previously broke through the support area lying at the intersection of the support level 111.70 (which reversed the previous corrections (b) and (ii), as can be seen below) and the 38.2% Fibonacci correction of the previous sharp C-wave from the start of September). USD/JPY is expected to fall toward the next sell target at the next support level 110.50 (former resistance level from August and September).
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...