empty
 
 
28.11.2024 05:29 AM
Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday November 27, 2024.

This image is no longer relevant

After successfully exiting its Ranging condition on its 4-hour chart, the AUD/JPY cross currency pair is now trying to test the 98.29 level, which is confirmed by the AUD/JPY price movement which is moving below the MA (50). If this level is successfully broken and closes below it, then AUD/JPY has the potential to continue its weakening to the 96.67 and 94.37 levels if momentum and volatility support it, but all of these weakening scenarios will be canceled by themselves if there is suddenly a strengthening correction that breaks and closes above the 100.27 level.

(Disclaimer)

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 $5000 more!
    In November we raffle $5000 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