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AUDJPY: ⬆️ Buy
– AUDJPY broke daily Down Channel
– Likely to rise to resistance level 97.30
AUDJPY currency pair today broke the resistance the resistance trendline of the daily Down Channel from the start of July (which encloses the previous ABC correction 2).
The breakout of this Down Channel continues the active short-term impulse wave 3 of the intermediate impulse wave (3) from May.
AUDJPY currency pair can be expected to rise to the next resistance level 97.30, which stopped the previous impulse wave 1 at the start of July.
Source: https://fxpro.news
