AUDJPY Extends Bullish Structure Within 5th Wave Of An Impulse
Apr 16, 2026

AUDJPY

AUDJPY is continuing its strong recovery after breaking above 109.40, with the recent pullback finding support in the 107–109 zone. The pair now appears to be in a fifth wave advance, targeting the 116 area near key Fibonacci and channel resistance. As long as price holds above trendline support around 106, the bullish outlook remains intact, while a break below could signal a potential trend reversal.

AUDJPY Extends Bullish Structure Within 5th Wave Of An Impulse AUDJPY Daily Chart
AUDJPY Daily Chart

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