FX.co ★ Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday October 23, 2024.

With the appearance of hidden deviations between the price movement of AUD/JPY and the Stochastic Oscillator indicator on the 4-hour chart, it confirms that in the near future AUD/JPY has the potential to break out and strengthen from its Sideways condition where if the level of 101.36 is successfully broken and closes above it, it will provide a fairly strong probability opportunity for AUD/JPY today to strengthen up to the level of 102.38 and if the momentum and volatility support it, the level of 103.28 will be its next destination, but if on its way to the target levels, AUD/JPY suddenly corrects significantly, especially if it breaks through and closes below the level of 100.10, then all the strengthening scenarios that have been described previously will be invalid and canceled by themselves.

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