FX.co ★ Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Tuesday December 05, 2023.

If we look at the 4-hour chart of the AUD/JPY Cross currency pair, we can see that the Chikou Span has managed to breaks below Span B and is supported by the CCI indicator which has succeeded in breaking below its three main levels (100, 0, -100) and is now stuck at the -100 area level. to 0, then in the near future AUD/JPY has the potential to weaken down to level 96.76 as the main target and level 95.98 as the second target, but this decline scenario can become invalid and cancel itself if on its way to these targets it arrives -Suddenly AUD/JPY turned back and was corrected upwards until it broken above level 98.07.

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