FX.co ★ AUD/JPY

Hello traders, By using the LRMA BB indicator on the AUDJPY pair, upper and lower levels at 94.502 and 94.347 have been identified. The indicator also includes a moving average with a value of 94.425 as the central component. Currently, trading of this asset is at a rate of 94.405. Based on this data, a downtrend can be observed. Since the price of the AUDJPY pair is below the 94.425 moving average, selling is considered preferable. It is recommended to continue holding selling positions until the lower level of 94.347 is reached, in line with the lower boundary of the LRMA BB indicator. If the price continues to decrease below this level, consider opportunities for buying on a reversal to the upside. It is also important to monitor price behavior relative to the 94.425 level. An active breakthrough to the upside would indicate the presence of a strong buyer who could change the market direction.