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AUD/JPY PRICE ANALYSIS: BULLISH MOMENTUM PERSISTS, DOWNWARD CORRECTION LIKELY

guntur360
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  • The daily RSI for AUD/JPY reveals that the bulls are in charge, approaching overbought conditions.
  • Despite the hourly MACD indicating a short-term dip, the RSI highlights the buyers'  dominance.
  • As the cross jumped to multi-year highs, the buyers might eventually run out of gas.

The AUD/JPY exhibits substantial bullish momentum, standing at the 101.39 level and showing an encouraging 0.54% rally. The dominance of bullish trends is evident but a healthy correction might be necessary for the buyers to conquer additional ground.


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