The AUDJPY pair looks good for the bulls as both the Long and Medium-terms are in an upward momentum
Buyers may put in their aggressive orders at key areas
AUDJPY Weekly Price Analysis – October 6
AUDJPY price teases a major breakout and looks good for the bulls as its network activity continues to surge, targeting the upper high level. After the price broke out of an extended bullish zone, the pair looks promising, headed for a higher high. Thus, if the Yen price could touch the $109.15 resistance level, the currency pair might reach as high as the $110.00 upper resistance level, suggesting a good buy entry for the bulls.
AUDJPY Market
Key Levels:
Resistance levels: $100.00, $101.00 $102.00
Support levels: $94.00, $93.00, $92.00
AUDJPY Long-term trend: Bullish (Daily Chart)
The AUDJPY pair is bullish and looks good for the bulls as the daily active accounts continue to surge. The price bars are above the moving average, suggesting a bullish momentum. 
The sustained bullish pressure pushed to the $100.89 high point in the last few days has sustained the pair above the resistance levels and looks good for the bulls in its recent high.
At the writing time, the AUDJPY pair looks good for the bulls at the $101.07 resistance mark above the EMA-50, as the currency pair soars and journeys up north on the daily chart today.
Hence, if the bullish momentum persists, the pair may surpass the $109.15 barrier level, leading the potential toward the upper high level.
In addition, the stochastic oscillator pointing up at around level 90% in the overbought region indicates a possible rise of the pair in the days ahead. In this case, a continuation of an upward trend to the $110.00 upper resistance level is possible soon, as the Yen looks good for the bulls in its long-term forecast.
AUDJPY Medium-term trend: Bullish (4H Chart)
The momentum on the medium-term outlook is also distinctly bullish and looks good for the bulls as the AUDJPY pair continues to rise above the moving average, indicating a bullish momentum. It seems the bulls are taking over and pushing us higher.
Today’s 4-hour bullish candle at the $101.07 high level above the EMA-50 looks good for the bulls as it remains bullish.
Further, an increase in the buying pressure might lead the AUDJPY price to retest the previous high of the $101.15 mark, obtaining a higher footing to rise higher.
The stochastic oscillator signal pointing up at around level 89% in the overbought region suggests an upward momentum in the price of AUDJPY. Therefore, if an additional effort is put into the buying momentum, the bulls might drive the Yen price towards the $110.00 upper high level, as the pair looks good for the bulls in its medium-term perspective.
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