AUDJPY recently reversed down from resistance area located between the key resistance level 84.600 (which has been reversing this currency pair from the end of February, as can be seen below) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the previous impulse waves (iii) and 3 from the middle of April. Given the strengthening bullish yen sentiment seen across the FX markets today – AUDJPY currency pair can be expected to fall further toward the next support level 83.000 (which has been reversing the price from the start of March).