AUDJPY currency pair recently reversed up strongly from the pivotal support level 91.950 (the low of the previous minor correction A), intersecting with the lower daily Bollinger Band, support trendline from January and the 50% Fibonacci correction of the upward impulse (1) from May. The upward reversal from the support level 91.950 started the active impulse wave (3). Given the strong daily uptrend and widespread AUD inflows, AUDJPY currency pair can be expected to rise further toward the next resistance level 94.000.
