On the daily chart of the AUD/JPY currency pair it can be seen that the CCI indicator has managed to pass the -100, 0, & 100 levels, this means that buyers have dominated so that in the next few days AUD/JPY will try to break the Equal High level of 91.87 so that if the AUD/JPY level If this is successfully penetrated upwards, AUD/JPY will have the potential to test the 92.88 level as its main target and the 94.20-95.62 area as the next target. However, with the emergence of the Ascending Broadening Wedge pattern, please pay attention to the downward correction movement, especially those that exceed the 88.65 level because if this level is successfully penetrated then all Bull scenarios that have been previously described will become invalid and cancel by themselves.
Relevance up to 01:00 2023-01-28 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
