{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-bearish-trend-may-continue\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-bearish-trend-may-continue\/","headline":"AUDJPY: Bearish Trend May Continue","name":"AUDJPY: Bearish Trend May Continue","description":"AUDJPY is facing an increase in selling pressure and may continue in the same direction if it breaks $80.571Overall market sentiment regarding the pair remains bearish. AUDJPY Weekly Price Analysis – November 7The breakup of the $80.571 level by the bears may decrease the price to $80.177 support level. AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$85.500, $85.600, […]","datePublished":"2021-11-07","dateModified":"2021-11-07","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\/11\/AUDJPY-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/11\/AUDJPY-LNT.png","height":598,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-bearish-trend-may-continue\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":407,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"AUDJPY is facing an increase in selling pressure and may continue in the same direction if it breaks $80.571Overall market sentiment regarding the pair remains bearish. AUDJPY Weekly Price Analysis – November 7The breakup of the $80.571 level by the bears may decrease the price to $80.177 support level. AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$85.500, $85.600, $85.700Support levels:\u00a0 \u00a0 \u00a0 \u00a0$78.800, $78.700, $78.600AUDJPY Long-term Trend: BullishThe currency pair looks bullish in its long-term view. AUDJPY is very likely to continue dropping as we are seeing a bearish correction in place. The Yen is facing an increase in selling pressure and it could continue to slide more.A bearish candle at $84.142 in the support area opens today\u2019s daily chart.Pressure from the bears further drops the price of AUDJPY down to $83.818 in the support area.Price is just a bit above the EMA-50 an indication of an uptrend in the context of the market. However, the stochastic oscillator signal pointing down at around level 5% in the oversold region is an indication that the momentum in the price of the Yen is in a downtrend and more buyers are expected to turn up in the nearby days in the long term.AUDJPY Medium-term Trend: BearishAUDJPY is in a bearish trend in its medium-term outlook. After breaking the $84.346 of the lower channel the bears drop the price further down at $83.895 in the support area shortly after yesterday\u2019s opening before momentum loss AUDJPY rises to $84.216 in the resistance area before the end of the session.The breakdown in price at the EMAs crossover with a bearish pin bar at $84.164 in the support area confirms the bears’ takeover as the 4-hourly chart opens today. Price is down to $83.884 in the support area and later rises to $84.181 in the resistance area at the time of writing this article.The seller inroad and drops the price of the currency pair down to $83.863 in the support area.The price of AUDJPY is initially down at $83.819 below the two EMAs in the support area. This indicates that the price of the Yen is in a downtrend.The stochastic oscillator signal pointing downwards at around level 6% in the oversold region suggests a downward momentum in the price of AUDJPY; more so, more buyers are expected to emerge soon in the medium term. 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."}