{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-attractive-for-sellers-2\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-attractive-for-sellers-2\/","headline":"AUDJPY: Attractive For Sellers","name":"AUDJPY: Attractive For Sellers","description":"Price now trades in a range close to the lower support level.The bears are on top of the market.AUDJPY Weekly Price Analysis – September 12Further increase in the bears\u2019 pressure may break at $79.550 level and this may decrease the price to $78.221. AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0 $84.000, $84.100, $84.200Support levels:\u00a0 \u00a0 \u00a0 \u00a0 […]","datePublished":"2021-09-12","dateModified":"2021-09-12","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\/09\/AUDJPY-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/09\/AUDJPY-LNT.png","height":549,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-attractive-for-sellers-2\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":368,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"Price now trades in a range close to the lower support level.The bears are on top of the market.AUDJPY Weekly Price Analysis – September 12Further increase in the bears\u2019 pressure may break at $79.550 level and this may decrease the price to $78.221. AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0 $84.000, $84.100, $84.200Support levels:\u00a0 \u00a0 \u00a0 \u00a0 $80.000, $70.000, $60.000AUDJPY Long-term Trend: BearishOn the daily chart, the currency pair is in a bearish trend. The bears made a progressive movement to the south with a touch at the two EMAs and stayed below it at $80.763 in the support area as the low attained by the pair on the 10th of September.A bearish gravestone doji candle at $80.763 opens today\u2019s daily chart in the resistance area, an indication of a trend reversal.With the price of AUDJPY down at $80.745 in the support area below the two EMAs, suggests that the sellers are in control of the market. Hence, the stochastic signal pointing down at around level 75% in the overbought area suggests that the momentum in the price of AUDJPY may likely remain in the same direction in the days ahead and in this case a downtrend in the long term.AUDJPY Medium-term Trend: Bearish The pair looks bearish in its medium-term perspective. The bears increased momentum drops the price down to $80.763 in the support area, during yesterday\u2019s session. The momentum was lost as exhaustion sets in as the bulls return briefly. Today\u2019s 4-hourly opening candle at $80.839 at the resistance area is bullish as the bulls return briefly to the market. AUDJPY rises further to $81.421 in the resistance area after which the sellers in-road into the market and drop the price of the Yen down to $80.916 in the support area. Price is initially down at $80.745 in the support area below the two EMAs, an indication of a downtrend in the context of the strength of the market.The signal of the stochastic oscillator points down at around level 37% in the overbought region suggests a downward momentum in the price of AUDJPY in the medium-term perspective. Note: Forexschoolonline.com 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."}