Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday November 01, 2023.
November 1, 2023 8:23 am
On the 4-hour chart, the AUD/JPY cross currency pair seems to be moving above its MA 365 and the appearance of a Bullish 123 pattern followed by several Bullish Ross Hooks indicates that AUD/JPY has the potential to appreciate up to level 96.10 if this level is successfully broken upwards, the next levels that will be tested are 96.45 and 96.86, but if on the way to these levels suddenly there is a downward correction movement until it breaks below the 95.27 level, then the strengthening scenario described previously will cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the 4-hour chart, the AUD/JPY cross currency pair seems to be moving above its MA 365 and the appearance of a Bullish 123 pattern followed by several Bullish Ross Hooks indicates that AUD/JPY has the potential to appreciate up to level 96.10 if this level is successfully broken upwards, the next levels that will be tested are 96.45 and 96.86, but if on the way to these levels suddenly there is a downward correction movement until it breaks below the 95.27 level, then the strengthening scenario described previously will cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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