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With the appearance of Divergence between the price movement of the AUD/JPY cross currency pair with the Stochastic Oscillator indicator and the price movement of AUD/JPY which is above the WMA (30 Shift 2) which also has an upward slope, so that based on these two facts AUD/JPY has the potential to strengthen upwards where the Equal High level of 91.25 will be tested to be broken and close above it. If successful, then AUD/JPY will continue its strengthening to the level of 92.06 and if the volatility and momentum of its strengthening support then AUD/JPY will continue its strengthening again to the area level of 93.01-93.59 but if on its way to these target levels suddenly AUD/JPY correction weakens down to break and close below the level of 89.58 then all the previously described downward scenarios will become invalid and canceled by themselves.
(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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