LeoPrime Daily Market Analysis

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AUDJPY reversed from the resistance area; Likely to fall to support level 82.950.

AUDJPY currency pair recently reversed down from the resistance area set between the resistance level 84.610 (which has been reversing the price from the end of February) and the upper daily Bollinger Band. The downward reversal from this resistance level 84.610 created the daily candlesticks reversal pattern Shooting Star,. Given the strength of the aforementioned resistance level 84.610, continued yen bullishness – AUDJPY currency can be expected to fall further toward the next support level 82.950 (low of the previous minor corrective wave 2 from the start of April).

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