Ella 
AUD/JPY snapped a three-day losing streak on Monday, rising 0.31% while forming a bullish engulfing double candle pattern, suggesting further upside potential for AUD/JPY. AUD/JPY was trading around 94.82, almost unchanged, after the Asian session opened.
AUD/JPY is still consolidating, but a daily close above 95.00 is expected, which could open the door to further upside. If buyers overcome this level, the next cap level would be the September 29 high of 96.92, before challenging the year-to-date low of 97.67.
On the other hand, if AUD/JPY struggles around 95.00, it will test Monday’s intraday low of 94.32, below which AUD/JPY will fall inside the Ichimoku Cloud (Kumo). The next stop will be the bottom of the Ichimoku cloud at 93.80/84, below which AUD/JPY will turn neutral to the downside.
