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AUDJPY Wave Analysis – 3 June, 2021

• AUDJPY under bearish pressure

• Likely to fall to support level 84.00

AUDJPY currency pair under the bearish pressure today after the price failed to break above the major resistance level 85.00 (which has been reversing the pair from the end of February).

The resistance zone near the resistance level 85.00 was strengthened by the upper daily Bollinger Band.

AUDJPY currency pair can then be expected to fall further toward the next support level 84.00 (which stopped earlier waves (iv) and (ii)).

AUDJPY Wave Analysis – 3 June, 2021


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