LeoPrime Daily Market Analysis

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AUDJPY reversed from resistance area; Likely to fall to support level 81.400

AUDJPY recently reversed down from the resistance area lying between the resistance level 82.360 (former strong g support from March and June) and the 38.2% Fibonacci correction of the downward impulse from February and 50% Fibonacci correction of the downward impulse from the middle of June. The downward reversal from this resistance are started the active minor impulse wave (iii). AUDJPY currency pair can be expected to fall further toward the next support level 81.400 (which stopped the previous impulse wave (i) at the start of July).

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