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Simplified wave analysis and forecast for USD/JPY and AUD/USD on April 30


In the short-term, the yen price fluctuation algorithm sets the last rising wave from March 25th. The downward section of the chart from April 12 was a full correction (B) of the first segment (A) of this wave model. As part of the bearish wave in recent days, the counter pullback is developing.


The preliminary calculation of the target zone provides a reference point in the form of a support zone. The flat mood of the movement lasting in the last days can be completed already in the current day. An upward mood is more likely in the morning.


The potential price growth of the yen is actually exhausted, so purchases in the coming sessions can be very risky. When the price approaches the calculated resistance, it is recommended to track the reversal signals to find entry points in short positions.

Resistance zones:

- 111.90 / 112.20

Support zones:

- 110.90 / 110.60



The direction of the main trend of the Australian dollar since the end of January is set by a bearish wave. The final section started on April 17th. As of today, the correctional part (B) is formed within its framework. In its structure in recent days, rolling back down has been developing.


The current downside flat is expected to be completed in the next trading session. Then you should wait for a second attempt to rise. Its end is most likely within the resistance zone.


In the area of the support zone within the "intraday", there is an opportunity to make short-term purchases "Aussie". When the price reaches the potential reversal zone, it is recommended to start tracking the signals of the pair sale.

Resistance zones:

- 0.7080 / 0.7110

Support zones:

- 0.7030 / 0.7000


Explanations to the figures: Waves in the simplified wave analysis consist of 3 parts (A – B – C). The last unfinished wave is analyzed. Zones show areas with the highest probability of reversal. The arrows indicate the wave marking according to the method used by the author, the solid background is the formed structure, the dotted ones are the expected movements.

Note: The wave algorithm does not take into account the duration of tool movements over time.

The material has been provided by InstaForex Company -