{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-bearish-momentum-may-commence-soon\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-bearish-momentum-may-commence-soon\/","headline":"AUDJPY: Bearish Momentum May Commence Soon","name":"AUDJPY: Bearish Momentum May Commence Soon","description":"The pair looks bullish both in the medium-term outlook and in the long-term outlook.The currency pair could still decrease despite its positive moves.AUDJPY Weekly Price Analysis \u2013 March 6Further increase in the bear\u2019s pressure may break down at the $82.010 level and this may push the price down to $81.486 and $80.367 support levels.AUDJPY MarketKey […]","datePublished":"2022-03-06","dateModified":"2022-03-06","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\/2022\/03\/AUDJPYLNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/03\/AUDJPYLNT.png","height":598,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-bearish-momentum-may-commence-soon\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":494,"keywords":["audjpy","Australian Dollar\/Japanese Yen","FX Technical Analysis"],"articleBody":"The pair looks bullish both in the medium-term outlook and in the long-term outlook.The currency pair could still decrease despite its positive moves.AUDJPY Weekly Price Analysis \u2013 March 6Further increase in the bear\u2019s pressure may break down at the $82.010 level and this may push the price down to $81.486 and $80.367 support levels.AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0 \u00a0$85.100, $85.150 $85.200Support levels:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 $82.010, $81.810,$81.710AUDJPY Long-term Trend: BullishOn the daily chart, the AUDJPY pair is trading above the moving averages, which means that it\u2019s in a bullish trend zone. The impulse move by the buyers at the $84.933 resistance level during yesterday\u2019s session sustained the bullish momentum and maintained it.The formation of a doji candle at $84.610 resistance level affirms the presence of the buyers also an indication of a trend reversal as the daily chart opens today.The aggressive move by the bulls further moves the market price of AUDJPY up at $84.621resistance level as the journey up north continues.The market price of the Yen is initially up at $85.144 resistance level above the two EMAs; an implication that the price of AUDJPY is in control of the bulls; therefore it\u2019s in an upward trend.However, divergence is noticed as the Yen is above 80% of the daily stochastic. It indicates that the market has reached the overbought region, because of that the pound is falling to the downsides sooner in the long-term perspective. AUDJPY Medium-term Trend: BullishThe AUDJPY currency pair is trading in the bullish trend zone in its medium-term outlook. The sustained bullish pressure pushed the pair further up at the $84.702 resistance level after which the sellers returned and dropped the market price down to $84.409 support level, the bulls in-road briefly and moved the market price up at $84.751 resistance level and sustained it before the end of yesterday\u2019s session. Today\u2019s 4-hourly chart opens with a bullish candle at $84.616 in the resistance area.The impulse move by the bulls further moves the market value of AUDJPY up at the $85.010 resistance level.The bulls lost momentum while the sellers\u2019 in-road into the market drops the market price of AUDJPY down to $84.806 support level.The impulse move by the bears further drops the market value of AUDJPY down to the $84.258 support level after which the bull returns briefly and moves the price up at $84.730 resistance level.The market Price of AUDJPY is initially up at $84.730 resistance level below the EMA-9 and above the EMA-50, this indicates a slight weakness in the strength of the bulls.The signal of the stochastic oscillator signal points up at around level 68% approaching the overbought region. It suggests that AUDJPY may commence bearish movement soon i.e the days ahead in the medium-term. Sellers may wait for this action to commence before taking a position in the medium-term.Note:\u00a0Forexschoolonline.com is not a financial advisor. Do your research before\u00a0investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}