FX.co ★ Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday October 02, 2024.

Currently on the 4-hour chart, the AUD.JPY currency pair is moving in a Sideways condition, this is confirmed by the EMA 21 which moves between the Candle bodies with a straight and even slope, even so, AUD/JPY is trying to test the level of 100.04, however, with the appearance of deviations between the price movements of the currency pair and the Awesome Oscillator indicator, it indicates a weakening of the strengthening momentum in AUD/JPY which will lead AUD/JPY to weaken down where the level of 97.97 will be tested in the near future and if it is successfully broken, AUD/JPY has the potential to continue its weakening to 95.61 as its main target and level 93.54 as the next target, but all these weakening scenarios will be canceled by themselves if AUD/JPY manages to reverse direction to strengthen until it breaks above the level of 101.39.

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