AUDJPY: ⬆️ Buy
- AUDJPY broke long-term resistance level 102.30
- Likely to rise to resistance level 105.20
AUDJPY currency pair recently broke above the long-term resistance level 102.30 (former multi-month high from November).
The breakout of the resistance level 102.30 accelerated the active impulse waves iii and 5 – which belong to the intermediate impulse wave (3) from May.
Given the overriding daily uptrend and the strongly bullish Australian dollar sentiment, AUDJPY currency pair can be expected to rise to the next resistance level 105.20.
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