FX.co ★ Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday June 19, 2024.

With the position of the EMA 50 which is above the EMA 200 (golden Cross) on the 4 hour chart the AUD/JPY cross currency pair gives an indication that the bias of this currency is still in a Bullish condition even so with the formation of deviations between the price movements of AUD/JPY which form higher high but on the contrary the Awesome Oscillator indicator actually forms a Double Top position giving a hint that in the near future AUD/JPY will be corrected down to level 104,45 but if the weakening correction does not penetrate below level 104,16 then AUD/JPY has the potential to strengthen again rose to level 105,50 and if volatility and momentum support it, it is not impossible that level 106,00 will be the next target to be aimed at.

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