AUDJPY💡The chart shows a technical analysis of the AUDJPY currency pair on the 4H frame. The price broke the previous swing low and gathered liquidity, a common behavior before a reversal.
Emerging Bullish Momentum: After gathering liquidity, the price rose and broke through a previous resistance area, indicating the market's intention to move upward. The green shaded area represents a new support level, which the price could return to and test before continuing its upward trend. MACD Indicator: Demonstrates bullish divergence, as the price was falling while positive momentum began to emerge (green bars), reinforcing the possibility of a continued uptrend.
⛔️Not investment advice for educational purposes only.