Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday April 24, 2024.
April 24, 2024 5:22 am
With the appearance of deviation between price movement with Stochastic Oscillator indicator on the 4 hour chart of AUD/JPY cross currency pairs also supported by MA 20 which intersects of the Golden Cross above MA 200 gives the clue that currently buyers still dominant at AUD/JPY although there is a potential to corrected to weakness marked by the Stochastic Oscillator condition in the important overbought level area. What is important that as long as the weakness correction does not break below the level 99,65 then based on the Ichimoku Price Projection Y Wave gives the projection and the probability to AUD/JPY that in the near future will appreciated up to the level 101,36.
(Dsiclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
With the appearance of deviation between price movement with Stochastic Oscillator indicator on the 4 hour chart of AUD/JPY cross currency pairs also supported by MA 20 which intersects of the Golden Cross above MA 200 gives the clue that currently buyers still dominant at AUD/JPY although there is a potential to corrected to weakness marked by the Stochastic Oscillator condition in the important overbought level area. What is important that as long as the weakness correction does not break below the level 99,65 then based on the Ichimoku Price Projection Y Wave gives the projection and the probability to AUD/JPY that in the near future will appreciated up to the level 101,36.
(Dsiclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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