October 01, 2020 at 03:39PM
• AUDJPY rising inside corrective wave 2
• Likely to rise to 76.60
AUDJPY continues to rise inside the short-term corrective wave 2, which started earlier from the key support level 74.00.
The active wave 2 belongs to the medium-term downward impulse sequence (C) from the end of August.
AUDJPY is likely to rise further toward the next resistance level 76.60 (former support from the start of September and the target price for the completion of the active corrective wave 2).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/audjpy-wave-analysis-1-october-2020-20201001/
Selected by fonecable.com
Search Web: AUDJPY Wave Analysis 1 October, 2020
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
