AUDJPY Wave Analysis - 29 October 2026
AUDJPY Wave Analysis - 29 October 2026
Published on October 29, 2026
Market Overview
The AUDJPY currency pair has recently shown significant movement, breaking through a key resistance zone. This analysis focuses on the technical aspects of the pair's performance and potential future movements.
Key Technical Insights
- Resistance Breakout: AUDJPY has successfully broken the resistance zone located between the levels of 111.20 and the daily downtrend line established in mid-September.
- Fibonacci Levels: The breakout coincides with the 61.8% Fibonacci retracement level of the downward impulse that occurred from mid-September.
- Upward Impulse: Following the breakout, there is an active upward impulse that began from the low of wave b in mid-October.
Future Projections
Given the recent technical developments, the AUDJPY is expected to continue its upward trajectory. The next target resistance level is projected at 112.60, which previously halted upward corrections in mid-September.
Informational only. Not investment advice.