LeoPrime Daily Market Analysis

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AUDJPY broke resistance level 80.850; Likely to test resistance level 82.000

AUDJPY currency pair continues to rise after the price broke above the key resistance level 80.850 (top of the previous impulse wave from the start of January). The breakout of this resistance level accelerated the active minor impulse wave 3 – which belongs to the medium-term impulse wave (3) from the end of January. Given the clear daily uptrend that can be seen on the daily AUDJPY charts – the price is likely to rise further toward the next resistance level 82.000 (target price for the completion of the active minor impulse wave 3).

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