AUDJPY: ⬇️ Sell
- AUDJPY reversed from resistance level 114.60
- Likely to fall to support level 112.40
AUDJPY currency pair recently reversed down from the resistance level 114.60 (which has been reversing the price from the end of April, as can be seen below) intersecting with the upper daily Bollinger Band.
The downward reversal from the resistance level 114.60 started the active downward correction which broke the support trendline from March.
Given the strength of the resistance level 114.60, AUDJPY currency pair can be expected to fall to the next support level 112.40 (which stopped the previous intermediate correction (2)).
SOURCE LINK : AUDJPY Wave Analysis – ActionForex
