- AUDJPY Technical Strategy: Neutral
- Support: 88.73, 88.22, 87.50
- Resistance: 89.50, 89.90, 90.25
The AudJpy came out from it's consolidation and started new trend, break below 89.13 will expose 88.22 support while daily close above 89.52 will find resistance on 90.25.
On Elliottwave, we were tracking this count as a for wave iv, on which was completed 92.61. Break on last week confirmed our count and we now tracking impulse count. On 240 min, we are experiencing wave 3 and we might soon see small wave 4 followed by another wave down to complete five wave pattern.
Current levels are not promising for sell order, we might hold for a while to find better levels to trade. To receive instance trade update and analysis, please subscribe us for free risk free 15 days trial by clicking here.