AUD/JPY 4H Chart: Decline continues

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralNeutralBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇒⇗

[ANNOUNCE]The AUD/JPY currency pair has been dominated by bearish momentum since the beginning of December. The Australian Dollar lost about 1.83% in value against the Japanese Yen during last week's trading session.[/ANNOUNCE]

Everything being equal, it is likely that the currency exchange rate will continue its downside movement within this session.The potential targets for the pair will be near a swing low of 77.50.

Furthermore, technical indicators demonstrate that the AUD/JPY currency pair could end this week's trading session with a decline.

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