Technical Analysis of Price Movement of AUD/JPY Cross Currency Pairs, Wednesday, January 17 2024.

With the appearance of the Descending Broadening Wedge pattern and the appearance of deviations between price movements and the Stochastic Oscillator indicator on the 4-hour chart, this gives an indication that in the near future AUD/JPY does not continue its weakening until it breaks below level 95.78, it will have the potential to continue strengthening to level 97.74 in the near future.

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