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22.05.202405:20 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Wednesday May 22, 2024.

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Exchange Rates 22.05.2024 analysis

With the failure to break above the level 104,37 which has been tested many times with AUD/JPY on the 4 hour chart, then in the near future AUD/JPY has the potential to corrected down to its weakness to the level 103,85. If this level successfully broken down, then AUD/JPY will be going to the level 103,57 as the main target if this level successfully become the quite strong support, then AUD/JPY has the potential to return to its strength to the level 104,85, unless if the weakness correction continue and break until the level 102,78, then AUD/JPY will continue the downward and its weakness.

(Disclaimer)

To be noted: the title seems not match with the content of the article, I only follow the source text.

Arief Makmur
Analytical expert of InstaForex
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