08.11.202305:47 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday, November 08 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

With a price movement which is above its EMA 200 that has an upward slope as well as the appearance of Bullish 123 pattern followed by the Bullish Ross Hook (RH) which in a few times manages to breakout above as well as the appearance of Fractal Bar pattern which detected at the candle Pinbar on the 4 hour chart of AUD/JPY Cross currency pairs, then in the near future, this cross currency pairs has the potential to appreciate above to the level 97.53. If on the way to the level there is no downward correction which breaks under the level 95.84, because if this level manages to break above, then the strengthening condition that has been described before will become invalid and cancel itself.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.