Prospects of the currency pair AUD/JPY based on technical analysis. The main focus will be on resistance and support levels, volumes, and basement indicators. Let's look at the chart:
The level was broken, the maximum was updated, and then a reversal occurred. The pair tested the resistance level and is now preparing for a test of the support level. Let's look at the indicator readings. The pair rose well, hit the target precisely, and then reversed. As seen on the chart, the pair tested the level of 114.55 and is currently trading at a price level of 114.32. RSI is moving in the middle of the range and hesitantly looking down, AO is showing a weak selling signal, the AUDJPY price is above the previous day's trading range. The signals are not very strong, but there is a possibility of a slight decrease. Therefore, a movement towards the support level of 114.05 can be assumed. Based on the analysis, cautious selling is recommended from the current price to the level of 114.10. However, remember that the market can be subject to sudden changes, so carefully assess your risks.
