AUDJPY: ⬆️ Buy
– AUDJPY reversed from support level 110.00
– Likely to rise to resistance level 112.00
AUDJPY currency pair recently reversed from the support zone between the key support level 110.00 (which has been reversing the price from May) and the lower daily Bollinger Band.
The upward reversal from this support zone stopped the previous medium-term ABC correction (2) from the end of August –starting the active impulse wave (3).
Given the still oversold daily Stochastic indicator and the strong bearish yen sentiment, AUDJPY can be expected to rise further to the next resistance level 112.00.
 and the lower daily Bollinger Band.){kind=link}