AUD/JPY Price Analysis: Gains momentum as bullish-engulfing pattern emerges

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AUD/JPY Price Analysis: Gains momentum as bullish-engulfing pattern emerges
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AUD/JPY snapped three days of losses on Monday, gaining 0.31%, while forming a bullish-engulfing two-candle chart pattern, which suggests that further

AUD/JPY gains 0.31% and forms a bullish-engulfing pattern, indicating potential for further upside. A daily close above 95.00 could open the door for buyers to target 96.92 and the YTD low of 97.67. If AUD/JPY struggles at 95.00, it could expose Monday's low of 94.32 and potentially shift to a neutral-downward trend. upside is warranted. The cross-pair exchanges hands at 94.82 as the Asian session begins, almost unchanged.

00, that could expose Monday’s low of the day at 94.32, which, once cleared, the cross would slump inside the Ichimoku Cloud . The next stop would be the bottom of the Kumo at 93.80/84, and once surpassed, the pair will shift to neutral-downwards. AUD/JPY Price Action – Daily chart AUD/JPY Technical Levels AUD/JPY Overview Today last price 94.82 Today Daily Change 0.20 Today Daily Change % 0.21 Today daily open 94.62 Trends Daily SMA20 95.08 Daily SMA50 94.65 Daily SMA100 94.79 Daily SMA200 92.

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