On the 4-hour chart, the cross currency pair AUD/JPY can be seen showing the appearance of deviations between price movements and the MACD indicator, plus the price is now above WMA 30 shift 2, so that in the near future AUD/JPY has the potential to strengthen upwards to test the level of 97.64 and if the level If this has been successfully broken upwards, AUD/JPY will have the potential to continue its strengthening up to level 98.09 if the momentum and volatility support it, but this strengthening scenario could become invalid if on its way to these levels suddenly there is a downward correction that breaks below the level. 96.95.
(Disclaimer)
