Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday September 04, 2024.

With the appearance of deviations between price movements and the RSI indicator (5) on the 4-hour chart of the AUD/JPY cross currency pair, in the near future AUD/JPY has the potential to weaken where the Fair Value Gap area level has the potential to be tested in the near future, but as long as the weakening does not penetrate below the 93.37 level, AUD/JPY has the potential to strengthen again and rise upwards where the 99.80 level will try to be broken upwards. If successful, AUD/JPY has the potential to continue strengthening to the 106.80 level if momentum and volatility support it.

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