FX.co ★ Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday September 11, 2024.

If we look at the 4-hour chart of the AUD/JPY cross currency pair, it appears that this currency pair is moving weaker, which is confirmed by its price movement which is moving below the EMA 21 and WMA 55, even so, with the appearance of deviations between the price movement and the RSI (5) indicator (Brown) and the appearance of the Inverted Saucer pattern, it seems that in the near future it will be corrected slightly to strengthen towards the level of 95.63 and as long as the strengthening correction does not exceed the level of 97.59, AUD/JPY has the potential to fall back down to the level of 93.25 and if the momentum and volatility support it, the level of 91.53 will be the next target to be aimed for.

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