AUDJPY: ⬆️ Buy
– AUDJPY reversed from key support level 109.00
– Likely to rise to resistance level 111.00
AUDJPY currency pair recently reversed up from the key support level 109.00, which previously stopped wave (4) in May and wave (C) at the start of August and which coincides with the lower daily Bollinger Band.
The upward reversal from this support level completed the intermediate corrective wave (2) which started from the top of wave (1) at the resistance level 115.00 in September.
Given the strength of the support level 109.00 and the bullsih divergnce on the daily Stochastic oscillator, AUDJPY currency pair can be expected to rise further toward the next resistance level 111.00, which has been reversing the price from July.
 in May and wave (C) at the start of August and which coincides with the lower daily Bollinger Band.){kind=link}