The risk that AUD/JPY could rally well above the 90.00 level when we were just above the 87.00 level. Now, we are nearing the butterfly completion level and (personally) I am looking for a reversal from near the 91.00 level near term. This would be considered strong counter trend, but a pullback is warranted as the RSI is reaching levels not seen since February and November 2021, both which marked a near term high for the pair.
Chart Of The Day: AUD/JPY
