Technical Analysis of Intraday Price Movement of AUD/JPY Mixed Currency Pairs, Wednesday June 21, 2023.
June 21, 2023 5:23 am
From what we can see on its 4 hour chart of AUD/JPY mixed currency pairs, it seems that the appearance of the selling pressure on this currency pairs can be seen by the appearance of Bearish 123 pattern followed by the Bearish Ross Hook (RH). Even so, to get the downside momentum which is quite significant, AUD/JPY needs the upward correction. Moreover, usually on Wednesday, AUD/JPY generally has a tendency to rally so that in the near future AUD/JPY has the potential to appreciated up to the level 96,47 as the main target and level area 96,65-97,09 as the second target and as long as that rally correction doesn’t break above the level 97,36, then AUD/JPY actually still on the selling pressure.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
From what we can see on its 4 hour chart of AUD/JPY mixed currency pairs, it seems that the appearance of the selling pressure on this currency pairs can be seen by the appearance of Bearish 123 pattern followed by the Bearish Ross Hook (RH). Even so, to get the downside momentum which is quite significant, AUD/JPY needs the upward correction. Moreover, usually on Wednesday, AUD/JPY generally has a tendency to rally so that in the near future AUD/JPY has the potential to appreciated up to the level 96,47 as the main target and level area 96,65-97,09 as the second target and as long as that rally correction doesn’t break above the level 97,36, then AUD/JPY actually still on the selling pressure.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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