05.06.202406:11 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday June 05, 2024.

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If we look at the 4-hour chart, the AUD/JPY cross currency pair is being corrected from its main bias, namely Bull, which has been confirmed by the condition of the EMA 50 which is above the EMA 200 but with the position of the Stochastic Oscillator indicator which is at the Oversold level and is getting ready to rise above. level 20, then in the near future AUD/JPY will try to test level 103.80 and if it is successfully broken then level 104.29 will be the next target to be aimed at, but if on its way to that target level suddenly AUD/JPY weakens again and falls below that level. 102.85 then all strengthening scenarios previously described will become invalid and cancel automatically.

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