FX.co ★ Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday, January 03 2024..

On the 4 hour chart, AUD/JPY seems moving inside the Bearish Pitchfork channel and below WMA 30, confirmed by the appearance of Double Top pattern (yellow circle) as well as there is a Bearish Fair Value Gap level (pink box) which is strong enough, where this is indicates by the tested twice to be broken by AUD/JPY, but does not break upward so that based on the facts above, in the near future AUD/JPY will try to test the level of 95.43 and perhaps the Lower channel bearish Pitchfork with the appearance of deviation between the price movement with Histogram MACD indicator, there is a high possibility of turning-poin at AUD/JPY after tested those 2 levels, as long as there is no break below the level 94.55, AUD/JPY has the potential to appreciated above to the level 96.66.

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