AUD/JPY falling inside intermediate impulse wave (3)
- AUD/JPY falling inside intermediate impulse wave (3)
- Next sell target - 76.20
AUD/JPY has been falling strongly in the last few trading session inside the intermediate impulse wave (3) – which started earlier – when the pair reversed down from the resistance zone lying between the pivotal resistance level 78.70 (top of the earlier minor correction 4), upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from July.
AUD/JPY is expected to fall down further in the active impulse wave (3) toward the next sell target at the support level 76.20 (which stopped the previous minor impulse wave 5 in August, as can be seen below).