empty
 
 
12.06.2024 04:35 AM
Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday June 12, 2024.

This image is no longer relevant

If we look at the 4 hour chart of the AUD/JPY currency pair, you can see that the 50 EMA is above the 200 EMA (Golden Cross), which indicates that Buyers are still dominant, this means that even if there is a weakening correction, as long as it does not broken below the 102,92 level, AUD/JPY has the potential to continuing its strengthening up to the level of 103.88 as the main target and if the momentum and volatility support it then 104,38 will be the next target to be aimed at.

(Disclaimer)

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback