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With the Golden Cross condition of the EMA 50 above the EMA 200 and the appearance of the Bullish 123 pattern followed by several Bullish Ross Hook (RH) and also confirmed by the condition of the Stochastic Oscillator indicator which Crosses BUY on the 4-hour chart of the AUD/JPY cross currency pair, then in the near future it has the potential to strengthen upwards where the 101.32 level will be tested by AUD/JPY if this level is successfully broken and closes above it, then AUD/JPY has the potential to continue its strengthening to the 101.97 level and if the momentum and volatility are supportive enough, then 102.91 will be the next target to be targeted next, but all of these strengthening scenarios will be invalid and canceled by themselves if EUR/JPY suddenly turns weaker and falls to breaks and closes below the 99.66 level.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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