We are updating the AUDJPY chart as the pair continues to rise as anticipated, following the strong support and bullish reversal we identified on June 17, 2025. At that time, AUD/JPY was forming a clear bullish setup, which has since played out to the upside. CLICK HERE
AUDJPY is in a very strong recovery, now moving beyond the 78.6% level and pushing above 104 after the base channel was broken back in December. This suggests that the move is wave three rather than wave five, so the whole recovery from the April 2025 lows can continue and may eventually reach the July 2024 highs. For now, the uptrend remains in play and more upside is expected after any fourth wave retracement, as long as the market is trading above the 100.95 invalidation level.
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