AUDJPY Daily Price Chart Analysis
The AUDJPY pair has been trading sideways between the 99.70 and 101.00 levels for several days. On October 23, the price attempted a rally, reaching the upper level of 101.70 before experiencing a slight pullback. Currently, it is positioned at the 101.00 level.
On the four-hour timeframe, both the 50 EMA and 200 EMA are providing consistent support for the bullish trend in AUD/JPY. Short-term support levels are at 100.50 and 99.60, while resistance levels remain at 101.70 and 102.50.
AUD JPY Forecast
We anticipate that the AUD/JPY price will eventually pull back upward and retest the 101.70 level. A subsequent bullish move could push the price to the 102.50 level. However, remember that the price could drop to 99.70 before making another upward move. Conversely, if the price falls below 100.40, the next bearish target could be 99.60.
Overall, we remain optimistic about the AUD/JPY price continuing its bullish trend.
Free forex signal (NO Registration Required)
