The AUD/JPY cross currency pair appears to be still moving in a bullish condition, which can be seen from its price movement which is above the WMA (20) with a slope that is diving upwards and the CCI indicator which has managed to penetrate above three important levels (-100, 0, & 100) however, after successfully breaking above the level of 95.48 AUD/JPY is now being corrected downwards to regain bull momentum where the level to be tested is the level of the bullish Fair Value Gap area (Cyan Box) and during the downward correction it does not exceed and closes below level 94.95, then AUD/JPY still has the potential to continue strengthening again to level 95.58.
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