AUDJPY currency pair under the bearish pressure after the price reversed down from the multi-month resistance level 85.850 (which has been reversing the price from the start of May). The downward reversal from this resistance level started the active short-term impulse wave (c), which belong to the ABC correction 4 from the middle of October. Given the strength of the resistance level 85.850 and strengthening yen bullishness seen today – AUDJPY currency pair can be expected to fall further toward the next support level 84.000.
AUDJPY under bearish pressure; Likely to fall to support level 84.000;
![](https://analysis.leoprime.com/wp-content/uploads/2021/11/AUDJPY-Primary-Analysis-Nov-02-1657-PM-1-day-1-1200x573.png)