AUDJPY has been under bullish pressure in the last few trading sessions following the earlier upward reversal from the strong support area lying between the long-term support level 69.60 (low of the previous long-legged weekly Hammer from January) and the lower Bollinger Band. The upward reversal from this support area started the active weekly ABC correction 2. With the moderate bullish sentiment affecting the Australian Dollar today – AUDJPY is likely remain under pressure and to extends its gains toward the next pivotal resistance level 76.00 (top of the previous mediumterm wave (2) from July and the forecast price calculated for the completion of the active ABC correction 2).