FX.co ★ Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday February 19, 2025.

With the appearance of Convergence between the price movement of AUD/JPY and the Stochastic Oscillator indicator, it confirms that in the near future AUD/JPY has the potential to strengthen where the 97.00 level will be attempted to be broken and closed above it. If successful, AUD/JPY has the potential to continue strengthening to the 97.27 and 97.67 levels as the next targets if the strengthening momentum and volatility support it, but if on its way to these strengthening targets, there is a sudden weakening correction that breaks and closes below the 95.75 level, then all the strengthening scenarios that have been described will be invalid.

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