On the daily chart, the AUD.JPY cross currency pair can be seen moving below the MA 50 and the CCI (30) indicator has successfully broken below its 3 main levels (100, 0, -100) which means that the strength of the sellers is still quite dominant, but with the appearance of deviations between the price movements of AUD/JPY which makes Lower Low while the CCI (30) indicator forms Higher-Low, it is predicted that in the next few days there will be a strengthening correction in AUD/JPY so that in the near future the 98.97 level will be tested to be broken upwards, if it is successful, then AUD/JPY has the opportunity to continue strengthening to the 101.34 level as its main target and 103.15 if the momentum and volatility support it, but all of these strengthening correction scenarios will be canceled by themselves if on the way to strengthening AUD/JPY suddenly returns to its initial bias, especially if it manages to break below the 96.16 level.
(Disclaimer)
