From what is seen on the 4-hour chart, the AUD/JPY cross currency pair appears to have a Divergence between the AUD/JPY price movement and the Stochastic Oscillator indicator, so based on this, in the near future AUD/JPY has the potential to weaken to the level of 93.84. If this level is successfully broken and closes below it, then AUD/JPY has the potential to continue its weakening back to the level of 93,34 as its main target, if momentum and volatility support it, then 93.02 will be the next target to be aimed for, but if on its way to these targets, AUD/JPY suddenly strengthens again and closes above the level of 94.73, then all the weakening scenarios that have been described previously will be invalid and automatically canceled by themselves.
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