{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-bulls-couldnt-give-up\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-bulls-couldnt-give-up\/","headline":"AUDJPY: Preparing For Next  Bull Trend, Breakout Imminent","name":"AUDJPY: Preparing For Next  Bull Trend, Breakout Imminent","description":"The Yen is facing more pressure from the bears. The market is experiencing low bulls and bears momentum.AUDJPY Weekly Price Analysis – February 20At the moment, the pair is facing the negative side as the bears aim to drag the market price to the support level of $80.367. AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0 $84,100, $84,200, […]","datePublished":"2022-02-20","dateModified":"2022-02-20","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\/AUDJPYLNT-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/02\/AUDJPYLNT-1.png","height":598,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-bulls-couldnt-give-up\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":430,"keywords":["audjpy","Australian Dollar\/Japanese Yen","FX Technical Analysis"],"articleBody":"The Yen is facing more pressure from the bears. The market is experiencing low bulls and bears momentum.AUDJPY Weekly Price Analysis – February 20At the moment, the pair is facing the negative side as the bears aim to drag the market price to the support level of $80.367. AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0 $84,100, $84,200, $84,300Support levels:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0$81.200, $81.100, $81.000AUDJPY Long-term Trend: BullishThe momentum on the long-term outlook is in an upward move. The bear’s increased momentum pushed the price down to $82.334 with a bearish candle with its wick breaking down the EMA-9 in the support area, during yesterday\u2019s session and sustained it. The formation of the bearish candle with a long wick at $82.562 support level, affirms the bears’ presence in the market as the daily chart opens today.AUDJPY further drops to an $82.518 support level as the journey down south continues.The price of the Yen is initially down at the $82.421 support level which is below the EMA-9 and slightly above the EMA-50, this implies a slight weakness in the strength of the buyers. However, the stochastic signal which is pointing down at around level 54% in the overbought region also indicates that the price of AUDJPY may likely experience a trend reversal and continue in a downtrend in the days ahead in the long term.AUDJPY Medium-term Trend: BearishThe currency pair is in a bearish trend in its medium-term outlook. The bears made a progressive movement to the south at $82.334 support level with a touch at the two EMAs which were fanned apart during yesterday\u2019s session. The momentum lost as the bulls gradually in-road and move the market price of AUDJPY up to $82.830 resistance level as the 4-hourly chart opens today.The bulls\u2019 increased momentum further moves the price of the Yen up to the $83.328 resistance level.The buyers\u2019 gradual return now drops the price of AUDJPY down to $82.433 support level.The market price of AUDJPY is initially up at $82.725 resistance level which is below the two EMAs, this implies that the bears are already dictating the market.The stochastic oscillator signal pointing up at level 17% in the oversold region suggests that the price of the Yen is in a downward motion and more buyers are expected to come into the market sooner to move the price up in the medium-term perspective.Therefore, buyers may wait for this action to occur and take their position as desired.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.  "}