The AUD/JPY Cross currency pair on its 4-hour chart appears to be strengthening, which is confirmed by its price movement moving harmoniously within the Bullish Regression Channel and is also confirmed by the appearance of Bullish 123 followed by several Bullish Ross Hook (RH) so that in the near future AUD/JPY has the potential to continue its strengthening to the 99.00 level. If this level is successfully broken upwards, then AUD/JPY has the potential to continue its strengthening to the 100.11 level. However, all of these strengthening scenarios will be invalid if on its way it suddenly corrects and weakens below the 96,73 level because if this level is successfully broken downwards, then all of the scenarios described previously will be invalid and will automatically be canceled.
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