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With the Stochastic Oscillator condition heading towards the Oversold level (20) on the 4-hour chart of the AUD/JPY cross currency pair, in the near future AUD/JPY has the potential to weaken down to the 89.75-89.39 area level. If this area level is able to become a good Support area level or if the weakening of the currency pair does not break and close below the 88.23 level, then AUD/JPY has the potential to gain momentum to strengthen again to the Equal High level of 91.26, and if this level is successfully broken and closes above it, 93.13 and 95.02 will be the next targets 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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