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– AUDJPY broke support level 94.35
– Likely to fall support level 93.45
AUDJPY currency pair recently broke the support level 94.35 (the low of the previous minor impulse wave i from the start of February).
The breakout of the support level 94.35 accelerated the active short-term impulse wave iii, which belongs to the longer-term impulse waves 3 and (3).
Given the predominantly bullish yen sentiment seen today, AUDJPY currency pair be expected to fall to the next support level 93.45, the former monthly low from September.
Source: https://fxpro.news
