AUDJPY: ⬆️ Buy
- AUDJPY reversed from support level 113.60
- Likely to rise to resistance level 116.00
AUDJPY currency pair recently reversed up from the support level 113.60 (former resistance from the start of March, acting as the support after it was broken earlier this month).
The upward reversal from the support level 113.60 continues the active intermediate impulse wave (5) from December.
Given the clear daily uptrend, AUDJPY currency pair can be expected to rise to the next resistance level 116.00 (target price for the completion of the active impulse wave (5)).
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