09.10.202406:34 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday October 09, 2024.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

With the breaks of the 100.53 level and the confirmation of the appearance of deviations between the price movement of AUD/JPY and the MACD Histogram indicator, in the near future AUD/JPY has the potential to weaken where the 98.49 level will be tested to be broken as long as there is no correction to strengthen again until it breaks and closes above the 100.92 level, then AUD/JPY will continue to weaken to the 97.65 level, even if the momentum and volatility support it, the 96.77 level will be the next target to be aimed for.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.