Here are the key forecasts for the Australian dollar pair today

Technical Analysis of AUD/JPY

The pair is moving in an upward trend on the 4-hour and 1-hour timeframes. Prices formed an OB zone around 113.36, which represents an important buying level. Currently, prices are trading around 113.49, and the bullish trend is expected to continue during the day.

Important Economic News

There are no major economic news releases affecting the Australian Dollar or the Japanese Yen during the day.

Liquidity Levels

Prices are expected to rise and target 113.95, then 114.20.

The bullish scenario will be invalidated if prices visit 113.10.

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