empty
 
 
07.05.2025 07:43 AM
Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday May 07, 2025.

This image is no longer relevant

If we look at the 4-hour chart of the AUD/JPY cross currency pair, we will see a Descending Broadening Wedge pattern where this pattern gives an indication that in the near future AUD/JPY has the potential to strengthen upwards where the level of 93.52 will be tested in the near future if this level is successfully broken and closes above it, then AUD/JPY has the potential to continue its strengthening back to the level of 93.91 as its main target and if the momentum of strengthening and volatility support it then 94.42 will be the next target to be aimed for but if on its way AUD/JPY towards the target levels suddenly experiences a weakening correction that breaks and closes below the level of 92.06 then all strengthening scenarios that have been described previously will be invalid and automatically canceled by themselves.

(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 $9000 more!
    In May we raffle $9000 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