empty
 
 
12.02.2025 08:59 AM
Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday February 12, 2025.

This image is no longer relevant

On the 4-hour chart, the AUD/JPY cross currency pair appears to have a Descending Broadening Wedge pattern and divergence between the AUD/JPY price movement and the Awesome Oscillator indicator, so based on these two pieces of information, it confirms that in the near future AUD/JPY has the potential to strengthen upwards where the 96.69 level will try to be tested and broken. If it turns out that AUD/JPY successfully closes above that level, then as long as there is no significant weakening again, especially if it weakens down & breaks through and closes below the 95.01 level, AUD/JPY will continue to strengthen again to the 97.52-97.67 area, even if the momentum of strengthening and volatility support it, it is not impossible that AUD/JPY will continue to strengthen again to the 98.50 level.

(Dsiclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback