AUDJPY continues to rise sharply inside the short-term impulse wave 3-which belongs to the medium-term impulse wave (C) from the start of October (which started when the pair reversed up from the former resistance trendline from April, acting as support after it was broken in September). With the strong bullish Australian Dollar sentiment seen across the markets – AUDJPY is expected to extend the gains and rise further toward the next resistance level 74.50 (top of wave (A)) – the breakout of which can lead to further gains toward the resistance level 76.00 (which reversed the price in June and July).