FxPro - Analytics

FxPro

761.75 6.25/10
89% of positive reviews
Real

AUDJPY Wave Analysis 15 December, 2020

AUDJPY Wave Analysis 15 December, 2020

• AUDJPY reversed from resistance level 78.4

• Likely to fall to 77.00

AUDJPY recently reversed down from the powerful resistance level 78.4 (which stopped the sharp uptrend in August) – standing close to the upper daily Bollinger Band.

The downward reversal from the resistance level 78.4 stopped the previous multi-impulse price move made out of the impulse waves 3 and (3).

AUDJPY is expected to fall further toward the next support level 77.00 (former top of the impulse wave (1) from November).

AUDJPY Wave Analysis 15 December, 2020


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree