AUDJPY currency recently today up sharply from the support area lying between the long-term support level 79.000 (which has been reversing the price sharply from the start of this year as can be seen below) and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous medium-term ABC correct (2). Given the strength of the aforementioned support area, oversold daily Stochastic and the bearish yen sentiment seen across the FX markets today, AUDJPY currency pair can be expected to rise further toward the next resistance level 80.300 (former low for wave (ii) from last month).