AUDJPY currency pair recently broke the resistance trendline of the daily down channel from the start of January. The breakout of this down channel accelerated the active short-term upward impulse wave 3, which belongs to the long-term upward impulse wave (3) from the start of December. Given the strongly bullish Australian sentiment seen today, coupled with significant yen outflows– AUDJPY currency pair can be expected to rise further toward the next resistance level 83.000 (top of wave (ii) from the middle of last month).