AUDJPY’s bullish trend might continue.
The bulls remain dominant.
AUDJPY Weekly Price Analysis – September 29
AUDJPY’s bullish trend might continue as the Yen market structure portrays a bullish trend. The yen price may see a bullish continuation if the actions of the bulls increase. The currency pair might continue its upside move to hit the $109.15 barrier level and extend further to a $110.00 upper high level, resulting in a buy potential for the long traders.
AUDJPY Market
Key Levels:
Resistance levels: $98.00, $99.00 $100.00
Support levels: $89.00, $88.00, $87.00
AUDJPY Long-term Trend: Bullish (Daily Chart)
Despite the moves by the bears, the AUDJPY pair remains bullish and this might continue due to the high impact of the bulls in the market in its long-term outlook. The price is above the EMA-50, indicating a bullish trend. 
The high impact of the bulls at the $99.89 high mark in the last session has sustained the pairs’ bullish momentum in its recent high, and this might continue.
The AUDJPY price drop to a $98.25 support level above the moving average 50 as the daily chart begins today suggests a bullish trend, and this might continue. The longer the price stays above the mentioned supply level, the more pressure builds up to reach a key significant level at the upside.
Hence, staying above the supply levels will enable the bulls to influence the price tendency; therefore, if the bulls could add extra buying pressure, the Yen price could reverse from the $98.25 low mark and might continue with the bullish trend to hit the $109.15 previous high level, signaling the potential for significant gains for long traders.
In conclusion, the market sentiment appears positive as the price maintains its upward trajectory, and this might continue as the bulls remain dominant in the AUDJPY market. Under the influence of the current trend, the bullish trend might continue to reach the $110.00 upper resistance in the coming days in its long-term outlook.
AUDJPY Medium-term Trend: Bullish (4H Chart)
On the medium-term outlook, the AUDJPY pair is in a bullish trend and this might continue as the pair just resumed its bullish momentum, following the increased interest and concerns of the bulls.
During the last action, the sustained bullish pressure at a $99.03 supply value has made the Yen price trade above the supply trend levels in its recent high.
Today, after the completion of the bearish move at the $98.35 low mark, the bulls in-road briefly commence the bullish trend to a $98.52 high level below the moving average as the 4-hourly chart opens today, suggesting buyers are returning gradually into the market to start the bullish trend and this might continue, as the bulls begin to stage a play.
Thus, if the AUDJPY bulls could push harder, the bullish trend might continue to reach the $100.29 resistance level, hinting at a robust upward trajectory.
Additionally, the AUDJPY pair might continue the bullish trend as it remains in an uptrend on the daily stochastic. As a result, the bullish trend might continue its correcting to hit the $110.00 upper high level in the days ahead in its medium-term outlook.
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