AUDJPY: ⬇️ Sell
- AUDJPY reversed from key resistance level 101.00
- Likely to fall to support level 99.00
AUDJPY currency pair recently reversed from the resistance zone between the key resistance level 101.00 (which stopped the previous minor impulse wave 1 at the start of October) and the upper daily Bollinger Band.
The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Evening Star Doji – which stopped the previous impulse waves 3 and (3).
Given the strength of the resistance level 101.00 and the overbought daily Stochastic indicator, AUDJPY currency pair can be expected to fall to the next support level 99.00.
 and the upper daily Bollinger Band.){kind=link}