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It can be seen on the 4-hour chart that the AUD/JPY cross currency pair is moving in a Bullish channel harmoniously and is above the EMA (21) which also has a slope that slopes upwards and is also confirmed by the appearance of Convergence between the AUD/JPY price movement and the Stochastic Oscillator indicator, further strengthening the confirmation that AUD.JPY is currently being dominated by Buyers so that in the near future as long as there is no significant weakening correction, especially until it breaks through and closes below the 93.11 level, AUD/JPY will continue to strengthen to the 95.79 level and if the volatility and momentum of the strengthening support it, 96.60 will be the next target to be aimed for.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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