AUD/JPY reversed from resistance zone
Read the article on FBS website
- AUD/JPY reversed from resistance zone
- Next sell target - 87.30
AUD/JPY recently reversed down from the resistance zone lying between the key resistance 88.90 (which reversed the previous sharp upward corrections 2 and (2) in October and December, as can be seen below) and the upper daily Bollinger Band. With the clear bearish divergence visible on the daily Stochastic indicator AUD/JPY is expected to fall further toward the next sell target at the next powerful support level 87.30 (low of impulse 1).
