AUD/JPY 4H Chart: Bulls market

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuyBuySell
Aggregate⇒⇘⇘

[ANNOUNCE]During the past week, upside risks dominated the Australian Dollar versus the Japanese Yen. The currency pair appreciated about 2% in value.[/ANNOUNCE]

A breakout occurred through the upper boundary of a descending channel pattern on June 27.

Given that a breakout has occurred, it is likely that the exchange rate will continue its upside momentum during the following trading sessions.

The potential target for bullish traders in the short term will be near the weekly R1 at 77.53.

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