AUDJPY recently reversed up from the support area lying at the intersection of the support level 79.650 (former resistance from December – and the low of the previous medium-term correction (4) from last month), upward- sloping support trendline from November and the 38.2% Fibonacci correction of the previous sharp upward impulse from the end of December. Given the predominant uptrend and the fact that the pair is currently rising inside the 5th medium-term impulse wave (5) from last week – AUDJPY currency pair can be expected to rise further toward the next resistance level 80.500.