AUD/JPY Holds Above Key Support Arc, Eyes Rebound to 111.12
The Australian Dollar/Japanese Yen (AUD/JPY) currency pair is currently interacting with its 1 (100%) Support Arc on the 4-hour chart.
According to Arc Cycle Analysis, the price is holding above this support arc, suggesting a potential bullish rebound towards 111.12.
If the current trend continues and the Support Arc remains intact, a rebound towards 111.12 becomes the preferred scenario.
However, if the price sustains a close below 110.10, it would invalidate the bullish scenario and shift the outlook towards lower support targets within the Arc Cycle.