Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday June 12, 2024.

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.

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