AUDJPY pair is positive today and also indicates a buying time
Buy traders may take their position as desired.
AUDJPY Weekly Price Analysis – January 21
AUDJPY is currently trading in a strong bullish market. The Yen at the moment indicates a buying time as the price is currently running a bullish race. The pair is facing high pressure from the bulls. Conversely, if the Yen prices sustain above the level of $98.58, the bulls’ trend would continue upward and possibly hit the the$99.00 upper high level. Thus, a clear buy signal for the BUY investors.
AUDJPY Market
Key Levels:
Resistance levels: $95.00, $96.00 $97.00
Support levels: $93.00, $92.00, $91.00
AUDJPY Long-term Trend: Bullish
AUDJPY pair is in a positive movement and also suggests a buying time today. The price is strongly trading in a bullish momentum in its higher time frame. This looks nice for the buy trader and signifies a buying time and a buy signal for the long-term traders. 
The successful breakout by the bulls to the $97.40 supply value during yesterday’s session has made it possible for the AUDJPY market to retain its bullish strength in its recent high.
The price breakout at the $97.75 resistance value above the EMA-50 as the daily chart opens today indicates the high buying impact from the bulls and a buying time resulting in intraday gains.
Based on the outlook, should the bulls go higher and close above the $98.58 high mark, a bullish breakout confirmation will reflect the improved market sentiment.
In addition, the daily stochastic suggests an uptrend continuation. It is expected of buyers to push the price of AUDJPY further up to a significant level and in this case, the target might be the $99.00 supply level as the pair suggests a buying time for buy traders in the higher time frame.
AUDJPY Medium-term Trend: Bullish
On the medium-term outlook, the AUDJPY pair indicates a buying time as it remains in a resistance zone. The Yen has broken above the EMA-50 which indicates a possible rise of the pair. The price is moving in an uptrend in the H4 timeframe, making higher highs and moving towards its major resistance.
Pressure from the bulls at the $97.35 high value in the previous action has sustained its upward stability in its recent high.
The price of AUDJPY which rises significantly above the resistance trend lines at the $97.70 level as the 4-hourly chart begins today, confirms the bulls’ dominance in the market. This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices to an overhead trend line.
Notably, AUDJPY is showing more possibility of increase as indicated by the daily stochastic which is pointing upwards. In light of this, more strength is expected from the pair as the bulls continue to dictate the market conditions. The pair may likely reach the $99.00 resistance level soon as the currency pair suggests a buying time in its medium-term perspective.
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