If we look at the 4-hour chart of the AUD/JPY cross currency pair, we will see a Descending Broadening Wedge pattern where this pattern gives an indication that in the near future AUD/JPY has the potential to strengthen upwards where the level of 93.52 will be tested in the near future if this level is successfully broken and closes above it, then AUD/JPY has the potential to continue its strengthening back to the level of 93.91 as its main target and if the momentum of strengthening and volatility support it then 94.42 will be the next target to be aimed for but if on its way AUD/JPY towards the target levels suddenly experiences a weakening correction that breaks and closes below the level of 92.06 then all strengthening scenarios that have been described previously will be invalid and automatically canceled by themselves.
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