AUD/JPY PRICE ANALYSIS: BULLS STEER THE MARKET TOWARDS 101.00, ITS HIGHEST SINCE 2014
- The daily RSI of the AUD/JPY continues its uphill journey, nearing overbought territory, amplifying buying traction.
- Hourly indicators are also strong, with no signs of bears.
- A healthy correction shouldn't be ruled out.
The AUD/JPY market showcases an increasingly bullish trend. The cross stabilized at 100.89 on Wednesday, after rallying to a high at 101.12, its highest since 2014. The general market interest leans towards the buyers as the pair follows an upward trend and surpasses significant levels. However, as the pair gained nearly 1.50% in the last sessions, the cross might be poised for a correction
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