AUDJPY: Sell Signal
The pair has reversed from a resistance zone.
It is likely to decline toward the support level at 113.45.
AUD/JPY recently turned lower from the resistance area spanning the long‑term barrier near 115.00 — a level that has capped prices since April — and the upper daily Bollinger Band.
This downward move halted the prior intermediate impulse wave (3).
Given the robustness of the 115.00 resistance and an overbought daily Stochastic reading, the pair is expected to slide to the next support at 113.45.
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