AUDJPY-Awaiting Retest for Bullish Continuation AUDJPY 4H Analysis 📊
Current level: 100.500 – we’ve observed an upside breakout here on the AUDJPY 4-hour chart, and we’re now watching for a potential retest of this level to confirm support for a continuation move.
Technical View:
📈 Breakout occurred around the 100.500 mark, suggesting strong bullish momentum.
🔍 Watching for a pullback to the 100.500 level to confirm it as new support.
📐 RSI hints at slight overbought conditions, supporting a possible retracement before further gains.
Fundamental Outlook:
🇦🇺 Australia's latest economic data boosts AUD’s strength, signaling underlying support for this trend.
🇯🇵 Japan’s BOJ dovish policies continue to put pressure on JPY, adding momentum to AUDJPY's upside.
🌐 With risk appetite favoring growth, AUDJPY might sustain its bullish trend if fundamentals remain aligned.
Let’s stay tuned and keep an eye on the 100.500 level!
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