{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/aud-jpy-upside-momentum\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/aud-jpy-upside-momentum\/","headline":"AUD\/JPY Upside Momentum!","name":"AUD\/JPY Upside Momentum!","description":"AUD\/JPY edges higher and it stands at 83.926 level. It\u2019s trapped within a sideways movement in the short term. The bias remains bullish after failing to drop below the former lows. The Japanese Yen could decline again if the Nikkei stock index will resume its growth. JP225 has decreased a little but the outlook is […]","datePublished":"2021-04-26","dateModified":"2021-04-26","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/audjpy.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/audjpy.png","height":898,"width":1828},"url":"https:\/\/forexschoolonline.com\/aud-jpy-upside-momentum\/","about":["AUD\/JPY","Trade Setups"],"wordCount":175,"keywords":["AUD\/JPY","audjpy","Nikkei"],"articleBody":"AUD\/JPY edges higher and it stands at 83.926 level. It\u2019s trapped within a sideways movement in the short term. The bias remains bullish after failing to drop below the former lows.The Japanese Yen could decline again if the Nikkei stock index will resume its growth. JP225 has decreased a little but the outlook is bullish.Technical Analysis!AUD\/JPY moves sideways after escaping from a descending pitchfork. Its failure to reach the median line (ML) signals further growth. The price has moved away from the upper median line (UML) of the descending pitchfork.The current breakout through the weekly pivot (83.772) signals strong buyers. It could approach and reach at least the R1 (84.476) and the ascending pitchfork\u2019s median line (ml).A valid breakout above 84.476 could indicate a larger growth in the upcoming period. The current range could represent a continuation pattern. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}