AUD/JPY 4H Chart: Trading sideways

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Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate ⇒ ⇒ ⇒

[ANNOUNCE]After hitting the upper boundary of both the senior and the junior patterns at 84.54 On June 6, the AUD/JPY exchange rate changed its sentiment and began a new wave down.[/ANNOUNCE] However, during the past two weeks, the Australian Dollar has been moving sideways against the Japanese Yen.

The decline has sent technical indicators to be on a neutral zone, especially in the shorter term. 

Everything being equal, a breakout from the trading could be expected during the following trading sessions. In addition, technical sentiment suggests that the decline could continue in the longer term.

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