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In the 4-hour chart of the AUD/JPY cross currency pair, there is an appearance of a Descending Broadening Wedge pattern followed by the appearance of Divergence between the AUD/JPY price movement and the Stochastic Oscillator indicator, which all of it indicates that in the near future, even though AUD/JPY it is under pressure, is indicated by its price movement moving below the MA 20 (Middle Line Bollinger Band) and has the potential to rise and to test the 95.39 level. If this level is successfully breaks and closed above it by AUD/JPY, then 95.79 and 96.60 will be the next targets to be targeted, but if on its way to these target levels, there is a sudden downward correction that breaks and closes below the 93.96 level, then all the strengthening setups that have been described previously will be invalid.
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