{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-bears-are-gathering-momentum-to-dominate-the-market\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-bears-are-gathering-momentum-to-dominate-the-market\/","headline":"AUDJPY: Bears Are Gathering Momentum to Dominate the Market","name":"AUDJPY: Bears Are Gathering Momentum to Dominate the Market","description":"The pair looks bullish both in the medium-term outlook and in the long-term outlook.The currency pair could still increase despite a minor declineAUDJPY Weekly Price Analysis – February 13Further increase in the bear\u2019s pressure may break down at the $114.148 level and this may push the price down to $113.659 and $113.481 support levels.AUDJPY MarketKey […]","datePublished":"2022-02-13","dateModified":"2022-02-13","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\/02\/USDJPY-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/02\/USDJPY-LNT.png","height":598,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-bears-are-gathering-momentum-to-dominate-the-market\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":432,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"The pair looks bullish both in the medium-term outlook and in the long-term outlook.The currency pair could still increase despite a minor declineAUDJPY Weekly Price Analysis – February 13Further increase in the bear\u2019s pressure may break down at the $114.148 level and this may push the price down to $113.659 and $113.481 support levels.AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$116.300, $116.450 $116.550Support levels:\u00a0 \u00a0 \u00a0 \u00a0$115.300, $115.150, $115.000AUDJPY Long-term Trend: BullishAUDJPY is bullish on the daily chart. The impulse move to the $116.338 resistance level during yesterday\u2019s session sustains the bullish momentum before the sellers return today.The daily chart opens today with a bearish candle at $115.967 support level with its wick breaking the EMA-9 in the support area. Increased momentum by the bears drops the market price further down to $115.418 in the support area.The price of AUDJPY is initially down at $115.014 support level with its wick breaking down the EMA-9 a bit above the two EMAs, an indication of a slight weakness in the strength of the bulls.The signal of the stochastic oscillator signal points down at around level 88% in the overbought region. It suggests the overall outlook shows upward momentum while a temporary drawdown may occur within the range in the days ahead in the long-term.AUDJPY Medium-term Trend: BullishOn the 4-hour chart, the currency pair is in an upward trend zone. The moving averages are sloping upward indicating the uptrend.The sustained bullish pressure pushed the pair further up at the $116.193 resistance level after which they returned and dropped the market price down to $115.824 support level before the end of yesterday\u2019s session. Today\u2019s 4-hourly chart opens with a bullish candle at $115.985 in the resistance area.The bulls lost momentum while the sellers\u2019 in-road into the market drop the market price of AUDJPY down to $115.825 support level.The impulse move by the bears further drops the market value of USDJPY down to $115.418 support level.The price of USDJPY is initially down at $115.014 below the two EMA-9 and above the EMA-50 with its long wick breaking down the EMA-50 in the support area, this indicates a slight weakness in the strength of the bulls.The signal of the stochastic oscillator signal points down at around level 32% approaching the oversold region. It suggests that AUDJPY may commence bullish movement soon i.e the days ahead in the medium-term. Buyers 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. "}