It seems that the AUD/JPY cross currency pair will try to test the support area in the near future at the range 87.70 - 87.28. If this level is strong enough to halt its decline, AUD/JPY will have the potential to be corrected, rally up to the 88.84 level as the main target. the area 89.35-89.91 as the second target with a note that the support area level 87.70-87.28 is able to halt its decline, but if the opposite happens the support area is not strong enough to hold its decline, then the upward rally scenario described earlier will cancel itself.
Relevance up to 05:00 2022-12-22 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.
