{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-attractive-for-buyers\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-attractive-for-buyers\/","headline":"AUDJPY: Attractive For Buyers!","name":"AUDJPY: Attractive For Buyers!","description":"AUDJPY is facing an increase in buying pressure and may continue in the same direction if it breaks $85.104.Overall market sentiment regarding the pair remains bullish. AUDJPY Weekly Price Analysis – October 17Price may decline to the support level at $78.856 provided the bears increase their momentum pressure.AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$84.950, $85.050, $85.150Support levels:\u00a0 […]","datePublished":"2021-10-17","dateModified":"2021-10-17","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"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:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","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\/10\/AUDJPY-LNT-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/10\/AUDJPY-LNT-2.png","height":598,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-attractive-for-buyers\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":351,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"AUDJPY is facing an increase in buying pressure and may continue in the same direction if it breaks $85.104.Overall market sentiment regarding the pair remains bullish. AUDJPY Weekly Price Analysis – October 17Price may decline to the support level at $78.856 provided the bears increase their momentum pressure.AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$84.950, $85.050, $85.150Support levels:\u00a0 \u00a0 \u00a0 \u00a0$77.900, $77.800, $77.700AUDJPY Long-term Trend: BullishAUDJPY still trades in an uptrend in its long-term perspective. The bulls’ pressure on the currency pair at $83.548 at the resistance area further led to an increase in the price of the Yen during yesterday\u2019s session. The bulls make a progressive movement to the north at $84.290 in the resistance area as the daily chart opens today.The price of AUDJPY further rises to $84.926 in the resistance area above the two EMAs; this indicates an uptrend in the context of the strength of the market.The stochastic oscillator signal pointing up at around level 95% in the overbought area suggests an upward momentum in the price of the Yen in the long term, which indicates a buy signal.AUDJPY Medium-term Trend: BullishAUDJPY continues in an uptrend market in its medium-term outlook. Just like usual, the currency pair\u2019s price is going up as we can see from the 4-hourly chart. Today\u2019s 4-hourly opening candle at $84.441 in the resistance area is bullish as the bulls remain dominant in the market. Pressure from the buyers further moves the price up to $84.926 in the resistance area. Bears return briefly and drop the price down to $84.714 in the support area.The price of AUDJPY is initially down at $84.714 in the support area which is above the two EMAs, which is an indication of more buyers present in the market.Thus, the stochastic signal pointing down at level 88% in the overbought region suggests the momentum in the price of the Yen might encounter a trend reversal in the days ahead, in this case, a downtrend in the medium-term.Note:\u00a0Forexschoolonline.com\u00a0is 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."}