AUDJPY currency pair recently broke the combined support zone lying between the key support level 81.430 (low of the previous impulse wave (v)) and the 38.2% Fibonacci correction of the sharp upward impulse wave form last October. The breakout of this support zone accelerated the active impulse waves (iii) and C. Given strong yen bullish sentiment as seen across the currency markets today – AUDJPY currency pair can be expected to fall further toward the next support level 79.200 (previous monthly low from January).
